Sunday, December 1, 2019

Two months on, tax rate hike leaves patchy impact on Japanese economy

The Japanese government has released some new economic indicators since the new tax hikes have decreased overall consumption in the Japanese GDP.  In order to stimulate the Japanese economy, aimed at increasing overall consumption, Aeon Retail Co. had a four-day sale similar to that of the U.S "Black Friday".  Overall retail has declined significantly since the Tax rate hike and as a result of this, the Japanese government will also enact fiscal policy to battle this, A new budget for 15 months to help support the economy starting in early December and will end in Late 2020.








https://www.sfchronicle.com/news/article/Two-months-on-tax-rate-hike-leaves-patchy-impact-14872802.php

No comments:

Post a Comment