BofAML's Yamada on BOJ Policy, ETFs, JGB Purchases

The video discusses the global stock market sell-off and its impact on Japan, highlighting the BOJ's increased ETF purchases. It examines Japan's industrial production decline due to natural disasters and explores the potential effects of an upcoming consumption tax hike on BOJ policy. The BOJ's strategy to maintain market stability amidst domestic and external uncertainties is also analyzed.

What significant action did the BOJ take in response to the global stock market sell-off?

• Increased ETF purchases

• Decreased bond purchases

• Introduced new currency notes

• Increased interest rates

What was a major factor contributing to the decline in Japan's industrial production?

• Technological advancements

• Rising inflation

• Natural disasters

• Increased exports

How did the BOJ plan to address market volatility according to the section?

• By increasing interest rates

• By maintaining current policy levels

• By reducing ETF purchases

• By introducing new taxes

What is the BOJ's stance on interest rates amidst the upcoming consumption tax hike?

• Increase interest rates

• Decrease interest rates

• Abolish interest rates

• Maintain existing target levels

What does the BOJ's forward guidance imply in the context of domestic and external uncertainties?

• Technical tweaks around JGB purchases

• Immediate policy changes

• Complete policy overhaul

• Introduction of new financial instruments