Weak Manufacturing Pushing Japan’s Economy Into a Soft Patch, Says Momma

The video discusses Japan's current economic weaknesses, particularly in exports and industrial production, and the impact of the trade war on the Asian region. It highlights the potential for recovery in the second half of the year, supported by a strong labor market. The discussion also covers the challenges Japan faces in achieving its 2% inflation target, with a focus on the Bank of Japan's policy flexibility and future economic strategies. The outlook for inflation and GDP in 2020 and 2021 is explored, emphasizing the need for a balanced approach to economic policy.

Discuss the outlook for the Japanese economy in 2021 as described in the text.

What changes in policy does the text suggest the Bank of Japan might consider regarding their inflation objective?