The Japanese government to raise VAT
The Japanese government raises the VAT from 5 to 8 percent from 1 April. It is the first time, since 1997, that the VAT will increase in Japan. The measure aims to balance the budget and to reduce the huge state debt.
After the VAT increase in 1997 an economic recession occured, but experts say that the circumstances are different now, and even if economic growth is slowing down, it will not completely stop. (tozsdeforum, MTI)
Related news
More related news >
Related news
KSH: in September, retail sales increased by 1.7 percent compared to the same period of the previous year, and decreased by 1.4 percent compared to the previous month
In September, the volume of retail trade increased by 1.7…
Read more >The autumn started weakly in retail trade
Retail performance in September started off weaker compared to August,…
Read more >Amazon uses AI to scan products for defects before delivery
Amazon uses AI to detect faulty products before they are…
Read more >