BOJ May Add to Stimulus at March Meeting, Abe Adviser Says
- Sales tax hike should be postponed to 2019, Etsuro Honda Says
- Honda says BOJ needs to change Japan's deflationary mindset
Etsuro Honda.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
The Bank of Japan should act preemptively to change the deflationary mindset in Japan and this action could come as soon as March, said Etsuro Honda, an adviser to Prime Minister Shinzo Abe.
“It’s possible that extra stimulus could come as soon as March,” Honda, 61, said in an interview in Tokyo on Tuesday. “It’s vital for the BOJ to preemptively work to change people’s minds after considering various economic indicators -- not just sit back and follow events.”