Japan should cut consumption tax to boost economy: Blinder

Japan should cut consumption tax to boost economy: Blinder

DAVOS, Switzerland - Former U.S. Federal Reserve Board Vice Chairman Alan Blinder (photo) said Jan. 26 in Davos, Switzerland that Japan should boost its troubled economy by cutting its consumption tax instead of following the traditional method of spending on public works. Blinder was Fed vice chair from 1994 to 1996 and is currently an economics professor at Princeton University.

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