Feldman: Not Unorthodox for BOJ to Target Yields

The transcript discusses the Bank of Japan's (BOJ) approach to targeting yields and interest rates, highlighting the confusion among investors due to the BOJ's mixed policy of quantitative and price-oriented strategies. It reflects on historical decisions by the BOJ, such as raising and reversing target rates, and the need for clarity in their current policy. The discussion also touches on the market's reaction to BOJ's statements and the impact of Abenomics on inflation, noting some success but not reaching the 2% target.

Discuss the significance of the 80 trillion yen target mentioned by Governor Kuroda in relation to zero interest rates.

In what ways has the Bank of Japan's approach to inflation changed over the years?