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1 Jun 2015
Must ensure Japan doesn’t return to deflation with tax hike – Japan’s Amari
FXStreet (Mumbai) - Japan's Economics Minister Akira Amari said on Monday it was important to strengthen the economy enough before a planned sales tax hike in April 2017 takes effect, so that Japan does not fall back into deflation after the tax hike.
"Our basic stance is that we won't be able to achieve fiscal reform unless we achieve what we consider as favorable economic growth," Amari told reporters after chairing a meeting of the government's key economic panel.
Earlier today, Kyoda agency quoted Japanese PM Abe saying that his government is aiming for fiscal deficit at 1% of GDP in 2018.
"Our basic stance is that we won't be able to achieve fiscal reform unless we achieve what we consider as favorable economic growth," Amari told reporters after chairing a meeting of the government's key economic panel.
Earlier today, Kyoda agency quoted Japanese PM Abe saying that his government is aiming for fiscal deficit at 1% of GDP in 2018.