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Japan's Economy Minister Kiuchi says we will consider the impact of food sales tax cuts on yields and FX

Importance
Level 1

On tax cuts:

  • Will discuss when Japan can realistically implement tax cuts.
  • Non-tax revenue can be a source for sales tax cut. 
  • Will be mindful of fiscal discipline for sales tax cuts. 
  • Funding through reviewing excess subsidies is also an option.

On markets:

  • Yields are determined by the market, reflecting many factors.
  • Vital for stocks and FX to move stably.
  • Will monitor market moves with high sense of urgency.
#TAKAHIDE KIUCHI#ECONOMIC COMMENTARY#IMPORTANT#BANK SPEAKER#FIXED INCOME#ASIAN SESSION#CENTRAL BANK#ASIAN NEWS
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