Kuroda Says Japan Might Aid Economy After Tax Increase
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Bank of Japan Governor Haruhiko Kuroda, seeking to overcome doubts about whether his nation should proceed with a sales-tax increase, signaled policy makers can act if needed with fiscal and monetary measures.
If the tax move had a big effect on the economy, “fiscal policy can respond and if downside risks materialize to the 2 percent inflation target, we will of course take appropriate steps,” Kuroda said today at a press briefing in Tokyo after the BOJ left policy unchanged. The central bank is targeting 2 percent price increases.