The Bank of Japan should pursue "powerful monetary easing" to increase the chance of meeting its...
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%.
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