Japanese PM Abe: Intend to go ahead with a consumption tax hike in Oct 2019 - Nikkei

Eren Sengezer FXStreet

Japanese Prime Minister Shinzo Abe delivered his remarks on North Korea and the economy in an exclusive interview with the Nikkei and the Nikkei Asian Review on Tuesday.

Key quotes (via Nikkei):

We think, in the end, the North Korean problems should be solved through diplomatic dialogue.
Implementing and demonstrating what the international community decided will push North Korea to change its policies.
As the government, we expect the BOJ to continue efforts to meet the target
It is important to reach a stage where inflation rises above 2%, and the BOJ is convinced inflation is continuing steadily
Intend to go ahead with a 10% consumption tax hike in October 2019

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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