How to Undo Japan's QQE, By One Of Its Architects -- Masazumi Wakatabe Former BoJ Deputy Governor

DeepMacro: Future of Finance

Jeff Young spoke with Masazumi Wakatabe, former Deputy Governor of the Bank of Japan, and current Professor of Economics at Waseda University, Japan. Mr. Wakatabe was one of the key architects of the Bank of Japan's "Quantitative and Qualitative Easing" (QQE) policy, which has helped raised Japan's inflation rate to the Bank's target (whether that is "sustainable" remains to be seen). We spoke about inflation, wages, how and when the Bank might exit its QQE and "Yield Curve Control" policy, and how can Japanese restaurants offer JPY300 glasses of wine.