TOKYO: Japan’s prime minister has decided to hike the nation’s sales tax next year, but will soften the blow with a US$50bil stimulus package aimed at protecting a budding economic recovery, reports said.
Shinzo Abe, who has spearheaded a drive to turn around years of tepid growth, will press on with a plan to lift taxes to 8% from the current 5% in April, Japanese media reported, a move seen as crucial to tackling a staggering national debt.
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