Credit Suisse's Shirakawa Says May See BOJ Action in July

The transcript discusses the Bank of Japan's (BOJ) potential changes to its 10-year yield target amid global yield trends and sluggish inflation in Japan. It highlights the weak wage growth in Japan and its implications for inflation. The impact of the Federal Reserve's tightening cycle on the BOJ's monetary policy is also examined, noting the challenges posed by a stable dollar-yen exchange rate. The transcript concludes with a discussion on the BOJ's potential forward guidance regarding yield curve targeting, with key meetings in April and July being pivotal for any announcements.

How might the exchange rate weakness influence inflation in Japan?

When is the Bank of Japan expected to start offering forward guidance on yield curve targeting?

What are the potential outcomes if the Bank of Japan delays communication regarding monetary policy?