The Traderszone Network

Published in TZ Latest News 2 November, 2014 by The TZ Newswire Staff

Wounded Japan PM grapples with tax jinx after BOJ eases

When Prime Minister Shinzo Abe raised Japan’s sales tax from April, he was betting he could break a jinx that has doomed leaders who raised the levy to losing their jobs. A shock move by the Bank of Japan on Friday to expand its massive asset-buying stimulus program – in the hope it will stoke inflation – could boost the chances of a rise in the unpopular levy from October, especially if followed by promises of added fiscal stimulus to help offset the pain.

read more