June 02, 2016

Japan hints at delay of October sales tax increase



"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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