10% sales tax, could BoJ change tiering system?

With the 1^st October sales tax hike fast approaching, we think the government’s countermeasures will ensure consumer spending doesn’t fall off a cliff next month, as it did after the previous tax hike. But one measure in particular has been causing confusion this week. Meanwhile, we explore whether the Bank of Japan could follow the Swiss National Bank and change its “tiering” system in order to sugar-coat a future rate cut.