If No Helicopter Money, Then What From the BOJ?

The video discusses the complexities of central bank communication, particularly in the context of the FX market and the Bank of Japan's policies. It highlights the challenges in interpreting central bank actions, especially with the concept of helicopter money and quantitative easing. The discussion also covers the legal constraints faced by the Bank of Japan and the potential for future monetary policy changes. The video further explores the possibility of coordination between the Japanese government and the Bank of Japan, and how market speculation affects the yen.

Why might the market interpret potential fiscal expansion as leading to a weaker Japanese yen?

What concerns are raised about the connection between fiscal expansion and the actions of the Bank of Japan?