HSBC’s Henry Says Structural Reform Is Key in Japan

The video discusses the importance of structural reforms in Japan to boost potential growth, despite challenges in implementing these reforms. It highlights the role of the Bank of Japan's monetary policy in managing inflation and currency value, noting that Japan may be the last to normalize its policy. The transcript also addresses the difficulty in meeting inflation targets due to stagnant wage growth, despite low unemployment rates.

Why is there skepticism about the success of new leadership in Japan regarding reforms?

What are the implications of low wage growth despite low unemployment in Japan?