Japan finance minister quells speculation sales tax hike may be delayed

TOKYO - Japanese Finance Minister Taro Aso said on Friday there was no change in the government’s stance that it would go ahead with a planned sales tax hike in October, barring a big economic shock on the scale of the collapse of Lehman Brothers.

The remarks by Koichi Hagiuda, acting secretary-general of Abe’s Liberal Democratic Party , fueled speculation that the prime minister might postpone the twice-delayed tax increase despite his repeated vows that it would go ahead. The previous tax increase to 8 percent from 5 percent in April 2014 hit consumers hard and triggered a sharp slump in the world’s third-largest economy.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan tells global finance leaders sales tax to rise as scheduledJapanese Finance Minister Taro Aso on Saturday pledged to global finance leaders... Means more sucking of consumers,if you go for trade balance,as Lagarde lately has risen,be on barter,and run governent with mere cess! equitableeconomy:demand only that much,as much as u can return ,either as a person,society or nation SKJ PKJ LomelaStar Does the Japanese official know that he is sitting next to a guy that may soon be in jail for, I believe, contempt of congress? What is the official charge for refusing a lawful, congressional order?ReleaseTrumpsTaxReturns ReleaseTheFullMuellerReport
Source: Reuters - 🏆 2. / 97 Read more »