Japan PM Takaichi:
- Not ruling out sales tax cut as option in future, but immediate priority is to compile package of steps to cushion blow from rising cost of living
- Changing sales tax rate would take time, so decision on whether to do so would need to take into account wage, inflation levels at the time
Japan’s government will need all the revenue it can get to fund the stimulus the new PM is planning.
This article was written by Eamonn Sheridan at investinglive.com.