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Kozo Yamamoto and the decision by prime minister Abe to delay a second increase in the consumption tax to 2017
11/20/2014
Kozo Yamamoto is Cornell University graduate who joined Japan's Finance Ministry in 1971 and is serving his 6th term in Japan's parliament. He became close to Abe after 2011 and convinced Abe that Japan needed reflationist policies to return to growth. He passed on his study group's advice to delay the second consuption tax increase from 8 to 10% from 2015 to 2017, by which time said Yamamoto Japan will have reached the 2% inflation target.
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