• Bloomberg


The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe.

“The current base scenario is to raise the consumption tax to 10 percent,” said Itoh, a University of Tokyo professor who is part of the Council on Economic and Fiscal Policy. “The key is how to provide a stimulus package that ensures the economy escapes an extremely negative impact.”

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