Japan Ahead: Former Bank of Japan Deputy Governor Wakatabe

The video discusses the roles of monetary and fiscal policy in Japan, focusing on the Bank of Japan's (BOJ) inflation targets and the sustainability of achieving a 2% inflation rate. It highlights market speculation on the BOJ's Yield Curve Control (YCC) policy and the potential impact on exchange rates. The video also covers the expected minimum wage proposal and its implications for economic indicators. The BOJ's communication challenges in addressing market speculation and maintaining economic stability are emphasized.

What is the main concern regarding the current inflation forecast in Japan?

• The forecast is too low.

• The sustainability of the forecast.

• The forecast is too high.

• The forecast is not based on data.

What is the Bank of Japan's inflation target?

• 1%

• 1.5%

• 2.5%

• 2%

What is the speculation around the BOJ's Yield Curve Control (YCC) policy?

• It will be abolished.

• It will remain unchanged.

• It will be tweaked.

• It will be replaced by a new policy.

What is the main challenge for the BOJ in communicating its policy stance?

• Lack of transparency.

• Market speculation.

• Political interference.

• Economic instability.

What is the role of the Ministry of Finance in relation to exchange rate movements?

• To set the exchange rates.

• To monitor and address rapid movements.

• To ignore exchange rate fluctuations.

• To collaborate with foreign banks.

What is the expected minimum wage proposal in Japan?

• Above ¥1200

• Below ¥800

• Above ¥1000

• Exactly ¥900

What is the focus of the BOJ when dealing with monetary policy?

• Fiscal policy adjustments.

• International trade agreements.

• Price developments and economic data.

• Exchange rate stability.