MAY 19, 2010, 8:40 A.M. ET
BY TAKASHI NAKAMICHI
TOKYO --The International Monetary Fund on Wednesday urged Japan's government to start fiscal rehabilitation from the next fiscal year beginning in April 2011, possibly by raising the nation's 5% consumption tax rate.
"With global scrutiny of public finances increasing, the need for early and credible fiscal adjustments has become critical," said James Gordon, senior advisor in the fund's Asia and Pacific Department.
"In our view, fiscal adjustment should start in (fiscal) 2011, beginning with a gradual increase in consumption tax to ...
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