• Japan might delay sales tax hike if BOJ tankan survey sours - Japan PM aide

Market news

18 April 2019

Japan might delay sales tax hike if BOJ tankan survey sours - Japan PM aide

Japan might delay again a sales tax hike planned for October if the Bank of Japan's next quarterly "tankan" survey shows deterioration in the economy, a senior ruling party official who's close to Prime Minister Shinzo Abe said.

"The economy is slowing a bit. If the BOJ's June tankan shows a danger ahead, we cannot take everyone to a cliff edge," Kyodo news quoted Koichi Hagiuda, acting secretary-general of Abe's Liberal Democratic Party (LDP), as saying.

"We still have time" before deciding whether to go ahead with the tax hike to 10 percent from 8 percent, he told an Internet TV programme, adding that Abe would call an election if he decides to put it off, according to Kyodo.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.