# Ep. 366: Mikihiro Matsuoka on Japan's Inflation, BOJ Policy Shifts, and the Weak Yen Challenge

Page: https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900/ep-366-mikihiro-matsuoka-on-japan-s-inflation-boj-policy-shifts-and-the-weak-yen-challenge
Text version: https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900/ep-366-mikihiro-matsuoka-on-japan-s-inflation-boj-policy-shifts-and-the-weak-yen-challenge.md
Podcast: [Macro Hive Conversations With Bilal Hafeez](https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900)
Published: 2026-07-10T09:05:00+00:00
Episode link: https://macrohive.libsyn.com/ep-366-mikihiro-matsuoka-on-japans-inflation-boj-policy-shifts-and-the-weak-yen-challenge
Audio file: https://traffic.libsyn.com/secure/macrohive/MH_w_MATSUOKA.mp3?dest-id=1929056
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/macro-hive-conversations-with-bilal-hafeez-524900/episodes/ep-366-mikihiro-matsuoka-on-japan-s-inflation-boj-policy-shifts-and-the-weak-yen-challenge
Duration seconds: 2641

## Resource

Matsuoka-San is the Chief Economist of SBI Securities in Japan. Before that, he was the Chief Economist for Japan at Deutsche Bank. Overall, he has been involved in macroeconomic analysis at research institutions and financial institutions for the past 30 years. He is known to be one of the leading Japan economists with unique insights on structural issues. Over the years , he has been highly ranked in numerous surveys , including the Institutional Investor survey. In this podcast, we discuss: The "Inconvenient Mix" of Inflation Japan's Real Neutral Interest Rate The Case for Nominal GDP Targeting Consumption Tax: Regressive Relief? Wage Growth Divergence The Working Hours Trap Fiscal Dominance and Vulnerability The Enigma of Yen Weakness Work-from-Home and Birth Rates Erosion of the US Dollar's Premium The AI/Semiconductor "Vertical Jump" US vs. Japan: Labo u r Participation Trends

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/macro-hive-conversations-with-bilal-hafeez-524900/episodes/ep-366-mikihiro-matsuoka-on-japan-s-inflation-boj-policy-shifts-and-the-weak-yen-challenge/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900/ep-366-mikihiro-matsuoka-on-japan-s-inflation-boj-policy-shifts-and-the-weak-yen-challenge.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.