Protecting jobs: A delivery courier arrives at a restaurant to pick up orders for customers. Suga is thinking about a new policy to help consolidate smaller businesses. — Bloomberg
TOKYO: Japanese chief cabinet secretary Yoshihide Suga signalled a continuation of the super-easy monetary policy pursued by the Bank of Japan (BoJ), and ruled out any cuts to the country’s consumption tax in newspaper interviews as he seeks to succeed outgoing Prime Minister Shinzo Abe.
Suga, who has emerged as Abe’s most likely successor, told the Nikkei he “highly appreciates” the central bank’s policy and wants “to inherit the current framework, ” referring to BoJ governor Haruhiko Kuroda’s massive quantitative easing program. Abe’s deputy told the Mainichi newspaper that cutting the consumption tax isn’t an option.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
