Japan’s Aso: Sales tax needs to be raised for fiscal consolidation

FXStreet Team FXStreet

Reuters reports comments from the Japanese Finance Minister Taro Aso, as speaks to the local media on the sales tax hike, budget and other matters.

Key Points:

The sales tax needs to be raised for fiscal consolidation.

But if the economy is not strong the hike cannot proceed.

Will put together a new primary balance goal next summer.

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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