Was the BOJ Right to Hold Steady on Stimulus?

The video discusses the Bank of Japan's (BOJ) 'wait and see' approach regarding its stimulus measures and the introduction of negative interest rates. It critiques the BOJ's strategy as insufficient and reactive, highlighting the need for more aggressive actions to meet inflation targets. The discussion includes an analysis of inflation trends and the BOJ's repeated delays in reaching its inflation goals. The video concludes with recommendations for the BOJ to adopt a more proactive stance and for the government to enhance fiscal and structural reforms to address Japan's economic challenges.

What are the implications of deferring the timing of hitting the inflation target?

In what ways should government policy align with the central bank's actions according to the text?