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Japan PM adviser sees no need for BOJ easing, looks toward tapering

From reuters.com

An economic adviser to Japan's prime minister said on Tuesday that he saw no need for the Bank of Japan to deploy additional stimulus to meet its 2 percent inflation goal next year, warning that it could cause the yen to weaken and prices to overshoot. Etsuro Honda, special adviser to the Cabinet and a leading architect of Prime Minister Shinzo Abe's reflationary economic policy, told Reuters in an interview that the next step for the central bank could be to taper its massive asset purchases. For that to happen, Honda said, the BOJ would need to assess the impact of a planned sales tax hike to 10 percent in April ... (full story)

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