David Boling in Reuters: “‘Responsible, proactive fiscal policy’ was a winning campaign slogan. But turning it into policy will be harder.’
The International Monetary Fund urged Japan to keep the consumption tax cut targeted and temporary, warning on Wednesday that high and persistent debt levels leave its economy “exposed to a range of shocks.” “‘Responsible, proactive fiscal policy’ was a winning campaign slogan. But turning it into policy will be harder. The idea contains built‑in contradictions. And boosting […]