Pessimism Grows Over BOJ’s 2% Inflation Target

The transcript discusses the heated debate in Japan regarding the Bank of Japan's (BOJ) inflation target of 2%. Despite efforts over six years, reaching this target remains challenging. Finance Minister Taro Aso has suggested that not achieving 2% inflation might not be catastrophic. The upcoming BOJ quarterly report is expected to show inflation below 2%, but possibly above 1.5%, allowing the BOJ to maintain its narrative of progress. The debate continues to be a significant topic in Japan's economic discussions.

What is expected to be the inflation number in the upcoming quarterly report?

Evaluate responses using AI:

OFF

What rhetorical defense might the Bank of Japan use regarding inflation projections?

Evaluate responses using AI:

OFF