"A previous increase in the (sales) tax to 8 per cent in 2014 pushed Japan into a recession, prompting the government to delay the next phase of the increase that had been scheduled for October 2015"
Source: Minister back flips on Japan sales tax increase by James Mayger, Bloomberg, Australian Financial Review, Wednesday 1st JUne, 2016, page 10.
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June 02, 2016
Japan hints at delay of October sales tax increase
Labels: News, Quote, Statistics, Trends