TOKYO: Japan will tell G20 nations at a summit this week that it will proceed with a planned two-stage sales tax hike, and consider compiling an extra budget for fiscal spending to ease the pain on the economy, Finance Minister Taro Aso said on Tuesday.
Aso, who will accompany Prime Minister Shinzo Abe to the Group of 20 summit in Russia, also said Japan is unlikely to face criticism from other countries this time about the yen's weakness which has boosted the competitive advantage of its exports.
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