Saturday, 11 July 2020

See no immediate need for stimulus after tax hike: Japanese finance minister

Photo: AP

TOKYO: Japanese Finance Minister Taro Aso said on Friday that there was no immediate need to compile stimulus measures to counter the impact of the national sales tax hike, which took effect this week.

Speaking to reporters after a cabinet meeting, Aso said Japanese corporate earnings and household incomes were solid, although the U.S.-China trade friction warranted attention.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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