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SEP 13, 2013 - Yahoo! News

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Sales tax hike will add $61 billion to household burden: Japan government panel

TOKYO (Reuters) - Raising Japan's sales tax next year will saddle households with an additional burden of about 6 trillion yen ($61 billion), private-sector members of a key government panel said on Friday. The government should take comprehensive measures, including steps to ease the pain on low-income households and boost corporate capital spending, if it were to proceed with the tax hike, the members said at a Council on Economic and Fiscal Policy meeting. The members said the Bank of Japan should also continue to take active measures to meet its 2 percent inflation target at an ... Read More

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