Global Analysis from the European Perspective. Preparing for the world of tomorrow

Japan’s government pledges to act swiftly if economy slows after tax hike

The government has pledged that it will act swiftly, with steps that could include compiling stimulus measures, if the domestic economy shows signs of a slowdown following the recent consumption tax hike.

At a meeting Thursday of the Council on Economic and Fiscal Policy, headed by Prime Minister Shinzo Abe, participants reviewed economic trends both at home and abroad since the hike in the consumption tax rate from 8 percent to 10 percent on Oct. 1 Source The Japan Times

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