🌸Japanese Customer : Tax revenues in Japan declining, new sales tax will help meet expenditures

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August 18, 2013

Tax revenues in Japan declining, new sales tax will help meet expenditures


Picture: Japanese currency


"The Japanese government now spends more on debt servicing and social security than it raises in tax revenues"



Source: Abe: bark but no bite
By Philippe De Koning & Phillip Lipscy
Bloomberg News
Australian Financial Review
16th August 2013, page 7R