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.
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