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Possible Delay for Planned 2015 Increase in Japan's Consumption Tax

|Approved Changes|Japan
Japan

Amid a contracting economy and growing political pressure following the increase in Japan's consumption tax rate to 8% in April 2014, Japan's Prime Minister Shinzo Abe is currently considering whether or not to go ahead with the planned increase to 10% in October 2015. Although the increase is seen as needed to help control Japan's growing deficit and potential default, Abe has been quoted as s…

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