Arab Today, arab today japan poised to push ahead with sales tax hike
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Japan poised to push ahead with sales tax hike

Arab Today, arab today

Arab Today, arab today Japan poised to push ahead with sales tax hike

Tokyo - XINHUA

The Japanese government is poised to raise the country\'s sales tax to 8 percent in April next year as the economy has shown continuous sign of recovery, local media reported on Thursday. Prime Minister Shinzo Abe has made the decision of the widely- expected tax hike after a meeting Tuesday with his key cabinet members and policy advisors, Kyodo News said, citing an unnamed source. The proposed sales tax hike from the current 5 percent to 8 percent has been considered a key measure to increase the revenue of the Japanese government, which has the highest debt burden among developed countries, with public debt at more than 200 percent of its gross domestic product. Analysts said a series of upbeat data released recently pointed to a stronger recovery of the world\'s second largest economy, which strengthened the case for the tax hike as scheduled. The optimism got a further boost over the weekend from Japan\'s successful bid to host the 2020 Summer Olympics. In order to prevent the tax hike from hurting the recovery, the Abe administration also decided to implement a stimulus package worth 5 trillion yen (50 billion U.S. dollars), according to Kyodo. Abe was expected to formally announce the plan on October 1 at the earliest, but it remained unclear whether the rate would be further raised to 10 percent by late 2005 as previously expected by global investors. However, a senior government official denied that Abe had made up his mind. \"The prime minister will decide early next month,\" Chief Cabinet Secretary Yoshihide Suga told a Tokyo news briefing.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan poised to push ahead with sales tax hike Arab Today, arab today japan poised to push ahead with sales tax hike

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan poised to push ahead with sales tax hike Arab Today, arab today japan poised to push ahead with sales tax hike

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday