In a move to boost Japan's economy, the Bank of Japan (BOJ) has implemented unconventional monetary policies, such as quantitative and qualitative monetary easing and negative interest rates. Through these massive monetary stimulus programs, the BOJ aims to end deflation in Japan and achieve 2 percent inflation target. However, there remain several challenges such as demographics, international trade tensions and rapid technological changes. What has been achieved so far? What role will central banks play in tackling these challenges? What is the prospect of the Japanese economy? In this program, Bank of Japan Deputy Governor Masazumi Wakatabe discusses Japan's economy and monetary policy.