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Japan's Kan Plans Major Tax Increase

Wall Street Journal Original article ›

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Japan's Prime Minister, Kan, announced that his government is planning to increase the country's broad sales tax from 5% today over several years. He said he plans a major sales tax increase to avoid a Greece type situation in Japan.

Japan's GDP growth and the proposed increase in the consumption tax- 2013-2014

06/11/2010

The proposed increase in the sales tax to 10% to improve the Japanese government finances and the problems posed by lower GDP growth in the second quarter of 2013. The risk of derailing the economic recovery and the fight against deflation by a premature increase in the sales tax.

Grouped Articles

Economic Expansion Slows Down in Japan

New York Times 08/11/2013

Abe Set to Proceed With Tax Increase in Japan

Wall Street Journal 09/12/2013

Japan’s Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece

New York Times 06/11/2010

Japan's Kan Plans Major Tax Increase

Wall Street Journal 06/16/2010

Prime Minister Noda says tax hike essential for Japan's sustainability - The Washington Post

Washington Post 03/04/2012

Japan’s Growth Slows, Raising Concerns About Obstacles That Lie Ahead

New York Times 02/16/2014

The growing deficit in Japan and opposition to a higher sales tax- 2011-2014

06/11/2010

Grouped Articles

Economic Expansion Slows Down in Japan

New York Times 08/11/2013

Abe Set to Proceed With Tax Increase in Japan

Wall Street Journal 09/12/2013

Japan’s Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece

New York Times 06/11/2010

Japan's Kan Plans Major Tax Increase

Wall Street Journal 06/16/2010

Japan Business Sentiment Set to Weaken Sharply

Wall Street Journal 04/01/2014

Japan’s Decision on Increasing Sales Tax to Resonate Globally

Wall Street Journal 10/13/2014


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