Japan’s new tax increase tests economy’s strength


TOKYO: Japan raised its national sales tax for the first time in more than five years on Tuesday, putting the world’s third-largest economy and its cautious consumers to the test.

After postponing it twice, Prime Minister Shinzo Abe’s government went ahead with raising the tax to 10% from 8%. Mr. Abe said the government needed more money to support a fast-aging population.

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