16788
Japan  Tax-Hike Harmful
World Economy

Japan Tax-Hike Harmful

Bank of Japan Governor Haruhiko Kuroda on Wednesday acknowledged that last year’s sales tax hike imposed bigger damage on the economy and prices than initially expected, Reuters reported. “It’s true the effect of the tax hike was bigger than expected,” Kuroda told parliament. “But economic growth is turning positive and the pressure on prices will disappear from April,” he said, adding that the economy is sustaining positive momentum spurred by the central bank’s massive stimulus program adopted in 2013. Kuroda has batted away any suggestions the BOJ faces constraints in soaking up bonds, even as traders say falling liquidity is driving up volatility in the world’s second-biggest sovereign debt market. With inflation stalling, the BOJ on April 30 pushed back its time frame for reaching its 2% target, a goal Kuroda sought to reach in about two years when he launched the unprecedented asset-purchasing program in April 2013.

 

Short URL : http://goo.gl/EgsEzH

You can also read ...

The London Metal Exchange
World stocks struggled at a 5-1/2-week low on Monday, though...
Madura Says Will Tackle Inflation
The Venezuelan government’s toughest challenge is fighting...
Marlo Draghi (L) and Janet Yellen at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming on January 7.
Stock markets have spent the year rising on bets of a...
Deals outside Turkey are much cheaper and better  than Turkish opportunities.
Robert Yuksel Yildirim had barely been at the family’s...
Diesel Emissions Scandal a Risk to German Economy
The emissions scandal ensnaring German carmakers is a risk to...
Thai Q2 GDP Surprises With 3.7% Rise
Thailand’s economy continued its recovery in the second...
South Korea Economy Facing Downside Risks
The South Korean economy will face some downside risks going...
Greek Current A/C Surplus Shrinks
Greece’s current account surplus shrank in June compared to...

Trending

Googleplus