Wakatabe: I'd Be Very Surprised if BOJ Changes YCC

The transcript discusses the Bank of Japan's (BOJ) current stance on Yield Curve Control (YCC) and the potential for policy tweaks. Governor Hueda has indicated no immediate changes due to inflation not reaching the 2% target sustainably. However, there is a possibility of adjusting forward guidance, especially in light of COVID-19's reclassification. The BOJ is cautious about inflation trends, expecting it to peak this year but remain data-dependent for future decisions.

What is the current stance of Governor Hueda regarding changes to the YCC?

How does the recent classification of COVID-19 affect the BOJ's forward guidance?

In what ways could the BOJ potentially adjust its forward guidance?

What are the expectations for inflation according to the Governor's outlook?

What factors does the BOJ consider when determining the sustainability of the inflation rate?