Japan will increase sales tax in 2014

Note: This section contains information in English only.
Source: The New York Times
© Scanpix/Reuters
Japanese government announced on Monday an increase of the sales tax from 5% to 8% in the next year. Some economists say that the tax rise may slower the economic recovery in the country. Nevertheless, the government is going to push around half of new sales tax receipts, or $88 billion, back to the economy. The changes will most probably take place in April, 2014.
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Tue, 01 Oct 2013 09:59:03 GMT

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