Prime Minister Shinzo Abe could soon be proceeding with a 3% increase in Japan’s sales tax. Abe has experts to analyze the issue, among them is BOJ Gov. Kuroda who warns against delaying the sales tax bump.
Japan looks to raise their sales tax to 10% by October 1025.
In July, Bank of Japan Governor Haruhiko Kuroda said that “I do not think that raising the sales tax as currently planned will do any great harm to the economy,”. Kuroda said today that: “Ending deflation and raising the sales tax are achievable at the same time,”.
However, some analysts think this move could cause at least one quarter of economic contraction.
By raising the sales tax, Japan would like to stabilize long-term yields. Doubling sales tax is a very controversial and unconventional approach to help the desperate Japanese economy.
Until next time, for news updates and more fundamental analysis, you can follow the Winner’s Edge account. Follow Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too for Forex analysis, and trade ideas!
For Nathan’s most recent Technical Analysis click here!
Latest posts by admin (see all)
- Forex Tax Basics- Treatment of Forex Transactions - July 17, 2017
- Forex Trading Master Train to Be Great - July 17, 2017
- Before A Forex Strategy Matters, Build a Foundation - July 16, 2017
Winner’s Edge Trading, as seen on: