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Japan’s Sales Tax Hike Plan Continues, Abe says


March, 28 2018
watermark Economic news

According to the Japanese Prime Minister Shinzo Abe, plans of sales tax hike will still be pushed through unless there comes and huge economic event that would shake the nation.

He compared the degree of economic shock with the Lehman crisis. Otherwise, sales tax hike will proceed while the government will implement countermeasures in cases of higher taxes on the economy, Abe added.

Abe vowed to adjust their sales tax to 10 percent from 8 percent in the 10th month of 2019.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.