Friday, September 13, 2013

Abe to raise sales tax to 8% as scheduled | The Japan Times

Prime Minister Shinzo Abe has decided to raise the consumption tax rate to 8 percent next April as planned, emphasizing the need to demonstrate fiscal discipline by making good on a pledge to the international community, a source close to him said Thursday.

Abe, who has been trying to shake the economy out of nearly two decades of deflation, is also considering implementing a stimulus package worth ¥5 trillion to prevent the tax hike from slowing down the economy, the source said.

(Click on the post title above for more)

Comment: Say good bye to the "so called" economic recovery that Abenomics brought you! Japan has just pledged itself to lead the world into a global economic depression. No doubt this is just to give the Obama-Nation of Desolation as spoken of by the profit Daniel the cover he needs to send cruise missiles into Damascus and turn it into a ruinous heap...

No comments:

Post a Comment

Comments Welcomed, Spammers will be deleted on sight!