IMF says Japan can ramp up fiscal stimulus if tax hike sinks growth
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WASHINGTON (Reuters) - Japan can ramp up fiscal stimulus if the hit to the economy from October's sales tax hike proves bigger than expected, International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa said on Thursday.Furusawa also said there was no change to the IMF's long-standing proposal for Japan to continue raising the tax rate in small increments over several years to 15%."If downside risks materialise and economic growth slows more than expected, additional fiscal..