Thursday, October 03, 2013

#JAPAN

Abe Seeks First Rise in Sales Tax Since 1997; From 5 to 8 Percent [world politics news]


In an attempt to end two decades of economic stagnation, Prime Minister Shinzo Abe will raise the sales tax from five to eight percent, the first such rise since 1997. A recent poll shows he has political cover for this risky move, with over 63% of voters supporting his cabinet.

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