Monday, September 30, 2013

In historic step, Japan PM to hike tax; will cushion blow to economy

Japan's Prime Minister Shinzo Abe attends a seminar on Japan-UK security cooperation in Tokyo By Shinji Kitamura and Takaya Yamaguchi TOKYO (Reuters) - Japan's Prime Minister Shinzo Abe will take a step on Tuesday that none of his predecessors has tried in more than 15 years - making a dent in the government's runaway debt. Abe, riding a wave of popularity with economic policies that have begun to stir the world's third-biggest economy out of years of lethargy, will announce that the government will raise the national sales to 8 percent in April from 5 percent, a final draft of the government economic plan, seen by Reuters, shows. ...








via Health News Headlines - Yahoo! News http://news.yahoo.com/historic-step-japan-pm-hike-tax-cushion-blow-210122802--business.html

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