BoJ’s Kuroda: Effect of 2019 sales-tax hike likely to be less than 2014

Reuters reports additional comments from the Bank of Japan (BoJ) Governor Kuroda, as he now speaks on the sales tax hike plan.

Main Headlines:

A decision on sales-tax is up to Govt/Diet.

Reaction to 2014 sales-tax hike was larger than expected.

BOJ underestimated the impact.

Effect of 2019 sales-tax hike likely to be less than 2014.

Vital for Govt to keep fiscal trust in long-term.