mr. kuroda grave, or at least with break policies. do they need to take more risks?abenomics, the administration, the government products needs to take action o against differentiation, and they are cheaper. so badtaying afloat, not situation. theirnt is, to step up braveness to reform, to advance and reform, to prepare the future of japanese productivity. to change the structure of the society, it's an imminent issue. the current situation is too - stephen: 2030, anyone want to look into the crystal ball? that's a long time for china. >> obviously, i believe and i'm -- first that by 2030 when the policy was put into place, that product will come back. policymakers and products sectors, with strong entrepreneurship, that will all support and make the economy grow. these daysportantly, people are after the financial crisis, particularly in the last couple years. people realized, we have to make sure that growth can benefit larger and larger portions of the population, so that the population can gain the wider- based support, moving forward. in terms of that particular

mr. kuroda with, or at least brave policies. do they need to take more risks?ics, the administration, the government products needs to take action to overcome differentiation and they achieved partial success. afloat in a not so good situation. my point is, to step up their braveness to reform, to advance reform, to prepare the future of japanese society to increase productivity. to change the structure of the society, it's an imminent issue. the current situation is too - cozy for everyone. stephen: 2030, anyone want to look into the crystal ball? that's a long time for china. >> obviously, i believe and i'm confident that by 2030, life will be better. there is good reason for that. first of all, we are talking about productivity. when the policies were put into place, that productivity will come back. i believe the policymakers and sectors with strong entrepreneurship, that will all support and make the economy grow further. days,re importantly these people after the financial crisis realized we have to make sure that growth can benefit larger and larger port

mr. kuroda yesterday, the yen has to be your favorite currency for the next 18 months? certainly --kend, and that pressure using the funding currency, but one thing to bear in mind, in japan, growth has been above trend for a long time. the yen has come under pressure because it has been one of the only court central banks to maintain its target in terms of not reallyarget and changing that. yesterday, with the target inflation being moved up and the adding of near-term bias. it is an undervalued currency at a time when you are seeing such a big move into carry trad especially with such -- carry trades, especially with such low volatility. it would be positive for the yen, given japan's very strong net foreign position. we think we will see more yen upside rather than downside, even despite the bank of japan's stance yesterday. yvonne: we actually have seen the dollar rise against the yen since mid april, and contrasting from what we were saying from the mexican peso and the loony, let's talk about the aussie. there is a lot of calls here for the aussie. do you think th

mr. kyoto also sang etf does not need help anymore, the industry is no longer in its infancy. thernor kuroda meeting, maybe we could change the policy of it, but it would be unthinkable to do away with it altogether. jasper coal in the last hour saying the bank of japan is not going to do anything because if they do, it would be admitting a policy mistake. he thinks they will continue to be passive aggressive, keep the ¥6 trillion as a possibility but not make any public changes yet. betty: let's take a look at the broader questions of inflation and yield curve control. what about tackling those issues? we are going to get more answers and insight into that? kathleen: very good question. answers and insight maybe we will get because that press conference -- which i will be attending in this building behind me -- he will be answering questions for a good hour from reporters on every aspect of this. bank of japan is not winning the inflation fight yet because it has not hit its 2% target. the key rate is 0.4. the key short-term rate, -0.1. they will keep the 10 year note yield tethered to zero

kuroda has ignored -- ackno that they are removing a principal tool for easing. how big of an issue is this becoming? no public change expected yet, but a top mentor to mr. this publicly lately. takatoshi: it depends on how you think this, the transmission -- if you the prices think buying it is just to give liquidity to the market, maybe you can buy something else. if you think it is to show off the stock prices, may be -- maybe it is not important to givenhat large number, that stock prices have risen to this level. the boj has to explain why they have been buying etf and where it is going. by the way, the criticism of buying those nikkei can be mitigated if they stop buying more of them topix, a wide range of stocks. shifting up there, allocation could be a short-term fix. question, if you have so many monetary policy are still not we seeing concrete results when it comes to inflation. it raises the issue of whether the boj should turn back to conventional measures like focusing on rates in particular. would you agree with that assessment? takatoshi: they tried in january last year. unpopular that at this point, i think it is not possible to go deeper