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Sales tax hike is 'obvious' choice for Japan debt woes - IMF

Reuters  |  WASHINGTON 

By Leika KiharaWASHINGTON (Reuters) - Raising the sales tax is a "very obvious" choice for Japan to get its fiscal house in order, a senior IMF official said on Friday, shrugging off proposals by the country's opposition parties to freeze a hike scheduled for 2019.Odd Per Brekk, the International Monetary Fund's mission chief for Japan, also said he saw no need for the Bank of Japan to begin communicating a future exit strategy from its ultra-easy monetary policy anytime soon."We think communication that focuses on maintaining monetary accommodation and achieving the 2 percent (inflation) ...

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First Published: Sat, October 14 2017. 02:01 IST
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