TOKYO: Japanese companies have weathered the first days of a rise in the country's consumption tax, with sales resilient and pricing power little damaged, a Reuters poll showed on Friday, in an early sign the tax hike may not derail the economy.
This good news for "Abenomics" bolsters the Bank of Japan's view that it does not need to ease policy further to cushion the impact from the tax, which Prime Minister Shinzo Abe's government raised on April 1 to help curb the nation's mountain of public debt.
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