Yutaka Uda talks on L’agefi TV about prospects for Japanese growth

Yutaka Uda was interviewed by L’agefi Live TV in Switzerland about prospects for Japanese growth and the impact of the recent increase in the consumption tax.

Yutaka argues that the increase in consumption tax will not have the same negative effects as the previous increase in 1997, as the government has put measures in place, such as increased fiscal spending and a cut to corporate tax, to alleviate the effects as much as possible. He also identifies the three main drivers that are stimulating growth in Japan to be construction, labour shortage and tourism.