• given the larger than expected impact caused by first one
  • next sales tax hike should wait until wages rise substantially, inflation target met stably
  • BOJ could ease policy again regardless of next sales tax hike in order to achieve inflation goal

Is it me or is there a renewed thread of jawbone coming out in recent weeks re further easing

Etsuro Honda, a University of Shizouka professor, is a promient outside architect of Abe’s reflationary policies and joins a list of people/BOJ members expressing caution over another sales tax hike and not ruling out further monetary easing

USDJPY still perky at 104.25