In Historic Step, Japan PM To Hike Tax; Will Cushion Blow To Economy
Japan’s Prime Minister Shinzo Abe will take a step that none of his predecessors has tried in more than 15 years – making a dent in the government’s runaway debt. Abe, riding a wave of popularity with economic policies that have begun to stir the world’s third-biggest economy out of years of lethargy, will announce that the government will raise the national sales to 8 percent in April from 5 percent.
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