Wall Street Journal (June 8)
2011/ 06/ 09 by jd in Global News
The International Monetary Fund’s Acting Managing Director John Lipsky backs increasing the sales tax in Japan as early as next year. Lipsky believes not increasing taxes would be a “wasted opportunity.” The comments may “reflect international concerns that fiscal problems in the world’s third-largest economy would eventually hurt the global economy if left untreated–after debt crises in European economies of much smaller scale roiled the global market in recent years.”
