[QODLink]
Asia-pacific

Japan faces risky tax rise to tackle debt

PM Shinzo Abe announces increase of national sales tax to lighten country's debt burden.

Last Modified: 01 Oct 2013 06:04
Email Article
Print Article
Share article
Send Feedback

Japanese Prime Minister Shinzo Abe has announced sales tax will rise three percentage points to 8 percent next year.

The rise is meant to lighten the country's heavy debt burden, but the decision could prove risky.

Al Jazeera's Wayne Hay reports from Tokyo.

43

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Featured
After years of rapid growth, Argentina is bracing for another economic crisis as inflation eats up purchasing power.
Deaths of 13 Sherpas in Nepal has shone a light on dangerous working conditions in the Everest-climbing industry.
Al Jazeera investigation uncovers allegations of beatings and rape in Kenya's ongoing anti-terrorism operation.
Incumbent Joyce Banda has a narrow lead, but anything is possible in Malawi's May 20 elections.
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
join our mailing list