Japan needs stimulus steps if it raises sales tax: U.S. economic adviser

Japan needs stimulus steps if it raises sales tax: U.S. economic adviser

Japanese Prime Minister Shinzo Abe (L) and Finance Minister Taro Aso (2nd from L) hold talks in Tokyo on May 19, 2016 with David Romer (R) and Christina Romer (2nd from R), professors of the University of California at Berkeley. Christina Romer, a former chair of the White House Council of Economic Advisers, said Japan can reduce the negative effects of a consumption tax hike on the economy by taking stimulus measures if it goes ahead with the tax hike in April 2017 as planned. (Kyodo) ==Kyodo

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