Japan raises its consumption tax from five to eight percent in a move that could spell trouble for the world’s third largest economy, which is in the midst of trying to reflate itself. After undergoing massive monetary stimulus almost one full year ago under Prime Minister Shinzo Abe, a program dubbed "Abenomics," Tokyo’s exchanges have been the worst performing major market indices of the year.
via Business News - Yahoo Finance http://ift.tt/Ob9mqs
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