Abe confirms consumption tax rise
- 5 years ago
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A sales tax of 8 per cent may seem relatively low by global standards, but the tax rise is a bold move in Japan. The last time something similar was tried, it presaged a deep recession and the resignation of the prime minister. The FT's Asia Editor David Pilling looks at the potential effects of this shift in fiscal policy.
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A sales tax of 8 per cent may seem relatively low by global standards, but the tax rise is a bold move in Japan. The last time something similar was tried, it presaged a deep recession and the resignation of the prime minister. The FT's Asia Editor David Pilling looks at the potential effects of this shift in fiscal policy.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes