Reuters reports, citing a draft document of the Japanese government's mid-year policy guidelines
- To raise sales tax to 10% in October to support social security for all generations
- Expects BOJ to promote monetary easing, reach 2% price goal as early as possible
That's similar to remarks made by prime minister, Shinzo Abe, yesterday. There isn't anything new here that we don't already know from the Japanese government's current stance. But this goes to show that they aren't going to change their plans just yet despite economic conditions growing weaker over the past few months.
