BOJ's Harada: Sales tax hike could cause a recession / weaken inflation
|Bank of Japan monetary policy board member Harada is speaking in Japan:
- Consumption remains weak despite rising household income
- Says underlying weakness in inflation could weigh on inflation expectations, delay acceleration of inflation
- BOJ must strengthen monetary easing without hesitation if
- Raising rates may not necessarily steepen yield
curve - Ending monetary easing would push down prices, worsen the economy
- Economy worsens, makes it hard to hit price goal
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