TOKYO, April 23 The Japanese economy is
resilient enough to absorb the effects of the sales tax hike
that kicked in this month, Bank of Japan Deputy Governor Hiroshi
Nakaso said on Wednesday.
"Personally, I believe that Japan's economy as a whole is
resilient enough to absorb the effects of the consumption tax
hike," Nakaso said in a speech in Kyoto, western Japan.
"The major reason for this are continued improvement in
employment and income conditions and the absense of problems
that existed in the previous 1997 tax hike," he said, according
to the text of his speech released on the BOJ's website.
(Reporting by Leika Kihara; Editing by Dominic Lau)