Japan’s Katayama: Panic Selling Calmed After Explaining Tax Cuts

Japanese Finance Minister Satsuki Katayama said that panic selling subsided after she properly explained the plan for a sales tax cut in both English and Japanese during the World Economic Forum in Davos.

• Some foreign media perceived Prime Minister Sanae Takaichi’s proposed sales tax cuts as potentially permanent or applying to the entire consumption tax, but that interpretation is incorrect; the measure would also not be funded through additional debt, says Katayama
• NOTE: Japan’s Katayama Calls for Market Calm After Bond Selloff
• There are still various issues to be considered regarding the sales tax cut, including its timing and ...