BoJ Dep Gov Nominee Wakatabe: Vital to examine net effects of 2019 sales tax hike

Additional headlines crossing the wires from the BoJ Deputy Nominee Wakatabe, as he continues to speak at his Upper House confirmation hearing.

Vital to examine net effects of 2019 sales tax hike.

It is true that he expressed concerns about the planned tax hike.

Tax policy is the preserve of the government.

2014 sales tax hike hurt the economy and pushed inflation further down.

The sales tax hike in 2014 delayed progress towards inflation target.

Expects more improvement in the jobless rate.

Will be close to full employment when inflation nears 2%.

No need to add the unemployment rate to the BOJ's target.