Japan shouldn't exaggerate pain from tax hike: BOJ policymaker

by admin on September 11, 2013

By Leika Kihara AOMORI, Japan (Reuters) – Policymakers should not overreact to any blip in the economy from an expected sales tax hike next year, a Bank of Japan board member said, suggesting that no additional monetary stimulus is required as long as the downturn is short-lived. Prime Minister Shinzo Abe on Tuesday ordered his government to craft measures to bolster the economy to cushion the …

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