April 01, 2014

Today consumption tax rises in Japan from 5 to 8 percent but still less than half OECD average

Local green grocer Japan Copyright Peter Hanami 2009
Picture: Local green grocer Japan

Today Tuesday 1st April 2014, consumer sales tax rises for Japanese Customers from 5 per cent to 8 per cent in Japan

"...April 1, the day of the consumption tax rise...Even at 8 per cent, rising from 5 per cent, Japan's tax rate will be less than half the OECD average"

Source: Consumers caught up in Japan's retail numbers game
By Ben McLannahan
Financial Times
Tues 25/3/2014, page 27

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