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2026-02-16 09:25:41
Yoshimura, chairman of the Seishin Party, a partner in Japan's ruling coalition, stated that Japan should implement a two-year suspension of food sales tax as soon as possible. He added that Japan should consider using its vast foreign exchange reserves to cover the costs of suspending the food tax, and given the current weakness of the yen, the Bank of Japan may raise interest rates further. He emphasized that the timing of interest rate hikes should be decided by the Bank of Japan, and the government should not interfere with monetary policy.
