Japan PM still neutral on tax hike but recovery weak


TOKYO: Japanese Prime Minister Shinzo Abe remains "completely neutral" on whether to raise the national sales tax, Economy Minister Akira Amari said on Sunday even as he expressed concern about the strength of the country's economic recovery.

Abe faces a tough decision by year's end on whether to raise the tax for a second time - doubling the tax rate over 18 months - in a bid to curb Japan's runaway government debt.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Vincent Tan seeks new partner in HSR bid
MITI identifies 33 indicators, 32 actions through national competitiveness committee meeting
Uzma gets RM100mil contract extension from PETRONAS Carigali
Ame REIT Unit to launch RM1bil sukuk wakalah programme
Tex Cycle appoints Ho Wai Mun as COO and Lee Junyan as CTO
Ringgit rebounds to end higher against US dollar
Khazanah develops young Malaysians to drive IR4.0, digital economy
Vincent Tan seeks new partner in high-speed rail bid
FBM KLCI edges up, bucks regional trend
Tesla launches redesigned Model Y in Asia, seeking to fend off rivals

Others Also Read