Japan mulls second tax-hike delay as spending falls - Reuters

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Some top Japanese bureaucrats and ruling party leaders are mulling over a delay in the second sales-tax hike proposed by Japan’s PM Abe, amid falling domestic spending which hurts prices.

    Abe's economic adviser Etsuro Honda told Reuters, “Considering the state of the Japanese economy, a delay is favourable.”

    As of now, Abe and the Finance Ministry insist that the tax will rise in 13 months to 10% from 8% current.
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