While China’s economy has been slowing quite significantly since the latter half of the last year, the growth rate is expected to pick up in the second half of this year as authorities have taken fiscal, monetary stimulative steps, Bank of Japan’s (BOJ) governor Haruhiko Kuroda said today while speaking in the parliament.
Key quotes
- The net burden on households from this year’s scheduled sales tax hike likely smaller than the previous hike in 2014
- BOJ watching the impact of the sales tax hike on economy carefully as it could change depending on consumer sentiment, job, and income conditions at the time.
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