OctaFX | OctaFX Forex Broker
Open trading account
Back

Japan should raise sales tax above 10 percent - Reuters poll

Japan should raise sales tax above 10 percent to fund the welfare cost, most economists in a Reuters poll said.

Key points

  • Over 70 percent of economists surveyed said Japan should raise sales tax above 10 percent.
  • Some economists are recommending it should be over 20 percent.
  • BOJ to keep short-term interest rate target at -0.1 percent, 10-year JGB yield target around 0 percent till at least mid-2020.
  • Accepting more foreign workers positive for an economy to secure labor force in Japan.

USD/CAD Technical Analysis: trapped in a contracting triangle

Hourly Chart Trend: neutral USD/CAD Overview:     Today Last Price: 1.3369     Today Daily change: 17 pips     Today Daily change %: 0.127%
Read more Previous

NZ: House sales down 9% in November – ANZ

Liz Kendall, senior economist at ANZ, estimates that New Zealand’s seasonally adjusted house sales were down 9% in November, following a 27% m/m incre
Read more Next
Start livechat