The higher sales tax may deal a blow to consumer demand in Japan just as the world's third-largest economy is picking up. Photo: AP

Abe takes bold tax step towards cutting debt

Japanese PM vows to unveil five trillion yen stimulus package to cushion the impact of raised sales tax to slash massive national debt

Topic |   Abenomics
The higher sales tax may deal a blow to consumer demand in Japan just as the world's third-largest economy is picking up. Photo: AP
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