Japan's DPP Chief Tamaki says there is no need for sales tax if real wage growth is achieved and is closely watching the situation now
Tamaki's comments suggest a potential shift in Japan's fiscal policy regarding sales tax, emphasizing that the necessity for a consumption tax may diminish with sufficient real wage growth.
China's NDRC Deputy Head says China plans key high-tech projects from its 15th five-year plan to study and implement 2026-30 domestic demand expansion strategy plan
[MARKET ANALYSIS] Asia-Pac equities entirely in the red, weighed on by the tech sector
Japan's DPP Chief Tamaki says there is no need for sales tax if real wage growth is achieved and is closely watching the situation now
Japan's Economy Minister Kiuchi says we will consider the impact of food sales tax cuts on yields and FX
China's December rare earth magnet exports -3.2% M/M
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- Adds that a consumption tax cut can stimulate the economy when there is a gap between supply and demand
This stance indicates a more accommodative fiscal approach, which could influence investor sentiment towards Japanese equities and bonds, especially if policymakers signal sustained wage growth as a priority. It's also an indication that adjustments might be made to address economic conditions in the face of supply-demand imbalances.
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