BOJ Playing Monetary Policy Jenga
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English - February 16, 2023 00:30 - 12 minutes - 11.5 MB - ★★★★★ - 2 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The Japanese economy averted recession in the fourth quarter of 2022, expanding by an annualised 0.6%, but this was much smaller than the median forecast of 2% GDP growth. The latest data point to the challenge for incoming Bank of Japan governor, Kazuo Ueda, in normalising the bank’s ultra-loose policy without derailing the fragile economic recovery. What options does the Japanese central bank and government have to navigate the delicate policy tightrope? Tokyo-based journalist William Pesek shares his insights.
Image credit: Saranya Phu akat