Wall Street Journal (June 11)
2019/ 06/ 13 by jd in Global News
“Japan is fumbling what looks like its last chance to avoid an unnecessary and economically damaging sales-tax hike.” The LDP came out with “a fresh commitment to increase the tax to 10% from 8% in October.” Since Prime Minister Abe returned “to office in 2012, Japan has recorded its longest period of nominal growth since the country’s asset bubble burst in the early 1990s. Gains in Japan’s Topix stock index beat all large developed markets outside the U.S. over the same period. There is no pressing need to junk that promising record now.”
Tags: Abe, Asset bubble, Damaging, Fumbling, Growth, Japan, LDP, Sales-tax hike, Topix, U.S., Unnecessary
