Report
TOE Alert: Abe Facing Down MOF-BOJ Over Tax Delay
posted by Richard Katz on November 14, 2014
Found in Japan, categorized in Growth Outlook and Business Cycle
Report Cover
Headline
The MOF may also want Abe’s commitment to some limit on spending as well as clear measures to reach the current goal of a balance in the primary budget (i.e., everything except interest payments) by 2020.
Abstract
From everything we hear, Abe is determined not only to call the early elections we discussed in our Nov. 11 Alert, but he is equally determined to postpone the next hike in the consumption tax from October 2015. Most likely he will postpone it until April 2017.
About Richard Katz
Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.
Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.
Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.
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