Leader of the Japanese ruling coalition minor party "Restoration Club": Japan should quickly launch a two-year temporary suspension policy on food sales tax at the earliest possible date.
Yoshimura Yohei, the leader of the small party "Ishin no Kai" in the ruling coalition in Japan, stated that Japan should promptly initiate a two-year suspension of the food sales tax on the earliest possible date. Japan should consider using its large foreign exchange reserves to help cover the costs of suspending the food tax. The Bank of Japan should independently decide when to raise interest rates, and the government should not intervene in monetary policy. With the current weakness of the Japanese yen, the Bank of Japan may further raise interest rates.
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