BOJ Adviser Kawai Urges Abe to Raise Sales Tax Again
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Japan should proceed with another increase in the sales tax as planned to signal it’s serious about reining in the world’s biggest debt burden, an adviser to central bank governor Haruhiko Kuroda said.
Annualized growth of 2.5 percent or more this quarter would be a green light for Prime Minister Shinzo Abe to go ahead with the higher levy, supporting the economy with additional stimulus as needed, Masahiro Kawai, a professor at the University of Tokyo, said in an interview yesterday.