Where Is Yen Headed After BOJ Holds Monetary Policy?

The video discusses the dollar-yen exchange rate, the impact of monetary policy in Japan, and the challenges of scarcity faced by central banks like the BOJ and ECB. It features insights from Professor Kojima, who emphasizes the need for a balance between monetary and fiscal policies, and highlights the importance of understanding central banks' balance sheets.

What are the two main factors influencing the current dollar-yen exchange rate?

• Oil prices and global inflation rates

• European Central Bank's bond-buying program and US fiscal policy

• Federal Reserve's interest rate hike and Bank of Japan's monetary policy

• China's economic growth and US trade policies

What was a significant outcome of the first phase of Abenomics' monetary policy?

• It led to a decrease in consumer spending.

• It effectively influenced the exchange rate.

• It significantly increased the value of the yen.

• It had no impact on the exchange rate.

Why is there a call for more active fiscal policy in Japan?

• Due to a surplus in the national budget

• Because monetary policy alone is insufficient

• To counteract the effects of a strong yen

• To increase the interest rates

What is a concern related to the European Central Bank's bond-buying program?

• There are not enough securities to buy.

• There are too many securities available.

• The program is causing inflation.

• The program is reducing interest rates.

What does Christopher Sims emphasize regarding the Bank of Japan's balance sheet?

• It is more important than the people's balance sheet.

• It is less important than the people's balance sheet.

• It is irrelevant to the financial market.

• It should be the primary focus of monetary policy.