Snap election spells headache for BoJ
Quantitative easing likely to have to continue longer after tax rise deferred
Japanese prime minister Shinzo Abe today called a snap election to seek support for deferring a planned consumption tax hike, but the move may prove troublesome for the Bank of Japan's (BoJ) programme of quantitative easing.
Speculation has been rife in recent days that Abe would call an election two years before the 2016 deadline. Disappointing GDP figures released yesterday seem to have been the turning point, and the Japanese parliament will now be dissolved on Friday. Elections will be held
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