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Japan Raises Sales Tax to Tackle Debt
Keywords:
Seniors represented 23% of the Japanese population and 29.5% of spending in the budget in 2010. The rapid aging of the population has increased concern about the large deficit. Japan's parliament passed legislation that would double the sales tax to 10% by 2015.
The demographic crisis Japan faces.
11/20/2010
Japan's rapidly ageing population. The lower proportion of the working age population over time relative to the older population.
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