More stimulus is needed ahead of the sales tax hike (8% currently, going to 10%) planned for October 2019
So says Susumu Takahashi is chairman of the Japan Research Institute and an economic adviser to the government
- "I think we still need more measures to strengthen Japan's economic growth and raise the potential growth rate"
- "We need to use money and put forward policies, including fiscal stimulus, right away to speed that up"
Says fiscal policy should be applied around the time of the tax hike to avoid a big hit to consumption. Dunno how that fits with his 'right away' prescription but there you go.
Bloomberg with the report, link
Anyone remember that movie
Something about a young couple who bought a country only to discover it was a money pit? Or something like that.
