Japan – New LDP Secretary-general Tanigaki says should proceed with sales-tax hike

Japan – New LDP secretary-general Tanigaki speaking in Tokyo is recommending proceeding with the planned sales tax hike to 10% in 2015.

Headlines on Bloomberg:

• Basically should proceed in line with sales-tax law
• Ssales-tax rise helps fiscal stability
• Sales-tax rise helps expand policy options
• Natural to look at economy conditions for tax rise
• Must watch side-effects while proceeding with Abenomics