Aug 27, 2013

Abe adviser says sales tax hike should be delayed for a year

The government should postpone the planned sales tax hike next April by a year to ensure Japan’s exit from deflation, a special adviser to Prime Minister Shinzo Abe said Tuesday. Koichi Hamada, a professor emeritus of economics at Yale University and the mastermind of ...

Jul 19, 2013

April-June GDP forecast faces upgrade to 3%

Economists are projecting that the economy grew at an annualized rate of around 3 percent in the three months to June, surpassing the government’s growth target for raising the consumption tax next April. The projections, offered in terms of inflation-adjusted gross domestic product, were ...

Don't rush into tax hike, Abe adviser Hamada says

Jul 11, 2013

Don't rush into tax hike, Abe adviser Hamada says

In what appeared to be a veiled warning, one of Prime Minister Shinzo Abe’s most influential economic advisers has said he “doesn’t have to rush” into the first stage of the sales tax hike unless the economy and the labor market have recovered. The ...

May 29, 2013

BOJ has room for more stimulus, top Abe adviser says

Koichi Hamada, a retired Yale University professor advising Prime Minister Shinzo Abe, says the Bank of Japan can add to already unprecedented stimulus if necessary to drive an economic revival. BOJ Gov. Haruhiko Kuroda “should continue to trust in his judgment and ease further” ...