Columbia University's Ito on BOJ Outlook

The transcript discusses Governor Kuroda's potential actions on inflation and yield curve control, the impact of spring wage negotiations, and Kuroda's legacy in Japan's economy. It evaluates his success in combating deflation and market dysfunction, and the transition to new leadership under Mr. Owada, who is expected to focus on data-driven decisions regarding inflation and economic policy.

What was the significant move made by Governor Kuroda in December?

• Reducing inflation targets

• Widening the yield curve control band

• Introducing new currency notes

• Increasing interest rates

What is the expected outcome of the spring wage negotiations?

• Decrease in nominal wages

• Significant increase in nominal wages

• Increase in real wages

• No change in wages

How is Governor Kuroda's tenure characterized in terms of Japan's economic state?

• A success with some regrets

• An unmitigated success

• A failure due to increased deflation

• A complete failure

What was one of the challenges faced during Governor Kuroda's tenure?

• High unemployment rates

• Market dysfunction

• Lack of foreign investment

• Rising interest rates

What is Mr. Owada expected to focus on in his decision-making process?

• Political influences

• Historical precedents

• Data analysis

• Public opinion

What is a potential policy direction for Mr. Owada?

• Adopting a flexible approach based on data

• Focusing on rapid inflation

• Increasing taxes

• Maintaining strict monetary easing

What is a key factor for a smooth transition from Governor Kuroda to Mr. Owada?

• Stable inflation at 2%

• Reduction in public debt

• Immediate policy changes

• Increased government spending