Abe to Raise Sales Tax, Cushion With More Stimulus

Japan’s Prime Minister Shinzo Abe will do something on Tuesday that none of his predecessors have attempted in the past 15 years – attempt to make 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 tax to 8 percent in April from its current level of 5 percent, according to a final …

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