Japan PM, BoJ chief to meet as tax hike pain persists


Speculation is mounting ahead of a meeting between Japan's prime minister and the head of the central bank as to whether the Bank of Japan will have to ramp up its stimulus programme and if the government will go ahead with another sales tax hike - Reuters Photo.

TOKYO: Japan's prime minister will meet the head of the central bank on Thursday to exchange views on the economy, sources with knowledge of the meeting said, amid lingering worries over a prolonged drop in consumption after an April sales tax hike.

The first such meeting since April comes ahead of Prime Minister Shinzo Abe's crucial decision on whether to proceed with a second sales tax hike planned for October next year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read