Japan Macro Advisors' Okubo on Japan Inflation

The transcript discusses the economic expansion in Japan, focusing on inflation expectations and the labor market's flexibility. It highlights the Bank of Japan's (BOJ) prediction of reaching 2% inflation by 2019, despite market skepticism. The conversation explores the labor market's structural changes, including increased participation of women and the elderly. It also credits Prime Minister Abe and BOJ Governor Kuroda for their roles in Japan's economic achievements over the past five years.

How does the speaker describe the current state of the labor market compared to the 90s?

What role does the Prime Minister play in Japan's economic achievements according to the speaker?