Japanese government promises tax reform and measures to avoid deflation

Japanese government promises tax reform and measures to avoid deflation

© Reuters. FILE PHOTO: Pedestrians wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, walk towards the Ginza shopping district, closed to cars on Sunday in Tokyo, Japan, January 10, 2021 . REUTERS / Kim Kyung-Hoon

TOKYO (Reuters) – The Japanese government will pledge to take “no hesitation” measures to prevent the economy from slipping back into deflation, a draft of its economic and fiscal plan obtained by Reuters showed.

The government will also pledge to “strive” for tax reform and express hope that the Bank of Japan will meet its 2% inflation target by keeping an eye on economic, price and financial developments, the Bank said. project.

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