Bloomberg.com
Takeshi
Fujimaki, a former adviser to billionaire investor George Soros who won
a seat in Japan’s upper house of parliament last month, said a delay in
increasing the sales tax and reduction of Federal Reserve stimulus
could cause the nation’s government bond “bubble” to burst.Prime Minister Shinzo Abe’s administration plans to release later this year its medium-term fiscal plans and a final decision on a two-step doubling of the consumption levy to 10 percent in 2015. Fed Chairman Ben S. Bernanke said in June the U.S. central bank may start scaling down its third round of quantitative easing of asset purchases this year and end it altogether in mid-2014.
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