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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.

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