The headlines in Japan today have been dominated by the successful Olympics bid, but there will be many decisions with much greater economic and market significance to be taken before 2020 – not least whether to press ahead with the planned doubling of the consumption tax. In this respect the upward revisions to GDP growth announced today were favourable, while the softening in the more timely survey data supports the case for additional monetary stimulus to help offset the fiscal tightening.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services