Okubo Says BOJ Needs Wage Inflation to Reach 2% Inflation

The video features QG Okubo, a chief economist at Japan Macro Advisors, discussing Japan's economic situation. Key topics include the impact of a strong yen and falling oil prices, the challenge of achieving a 2% inflation target without wage inflation, and the Bank of Japan's cautious approach to monetary easing. Despite eight quarters of growth, the BOJ is wary of repeating past mistakes of premature policy withdrawal. The strength of the yen is not yet a major concern for exporters, but could become one if it strengthens further.

What is the speaker's view on the potential missed opportunities for the Bank of Japan?

How does the strength of the yen impact Japanese exporters according to the discussion?