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Abe to delay planned sales tax hike

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Japanese Prime Minister Shinzo Abe was reported in the Yomiuri is considering delaying again a planned increase in the nation's sales tax, for a second time, if the economy continues to stagnate.

    The PM for Japan is reported to be considering a one- to two-year delay for the tax increase to 10 percent from 8 percent. This is now planned for April 2017 as reported in the news paper earlier today.

    No reaction in the Yen so far and better offered on a poor day for the greenback overnight post the dovish FOMC yesterday.
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