Kozo Yamamoto, Japanese senior ruling party lawmaker with close ties to PM Shinzo Abe and one of the architects of the premier’s stimulus policies, was reported by Reuters as saying that the government will likely proceed with a scheduled sales tax hike in October. Key Quotes: “It was a mistake,” Yamamoto said of the BOJ’s decision in 2016 to change its policy target to interest rates instead of the pace of money printing, adding that rate cuts are not as effective a tool as large-scale asset purchases. “The BOJ ought to buy government bonds more aggressively,” but doing so would be difficult under the current framework. “The prime minister told me while I may be theoretically right, it was politically difficult” to put off the hike. “The government should increase spending if the tax hike hurts the economy too much.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK’s Hancock: Parliament will not let no-deal Brexit happen FX Street 4 years Kozo Yamamoto, Japanese senior ruling party lawmaker with close ties to PM Shinzo Abe and one of the architects of the premier's stimulus policies, was reported by Reuters as saying that the government will likely proceed with a scheduled sales tax hike in October. Key Quotes: "It was a mistake," Yamamoto said of the BOJ's decision in 2016 to change its policy target to interest rates instead of the pace of money printing, adding that rate cuts are not as effective a tool as large-scale asset purchases. "The BOJ ought to buy government bonds more aggressively," but doing so would… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
