Does this show that the country's economy is ready for another consumption tax hike (currently scheduled for October 2019)? Also, a future consumption tax hike could be a drag on consumption growth since people would expect the increase. So, to be precise, the combination of expansionary fiscal policy with expansionary monetary policy works. And in case you are wondering about Japan’s fiscal conditions, they are already in good shape. He has not yet achieved reflation and recovery -- and a consumption tax hike is the surest way to end any hope of that.

Source: Forbes August 15, 2017 19:30 UTC