The Bank of Japan should pursue "powerful monetary easing" to increase the chance of meeting its 1% inflation goal by 2014, says the IMF, urging the central bank to boost purchases of corporate bonds, equities, and highly-rated securitized loans to small- and medium-enterprises. Japan should also implement a consumption tax of at least 15%, higher than current proposals of 10%.
The Bank of Japan should pursue "powerful monetary easing" to increase the chance of meeting its...
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