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5 Pages

Economic Focus March 2014

Economic Focus March 2014

Report summary

Sales tax in Japan will rise on 1 April 2014 for the first time since 1997. The 3 percentage point increase will lift sales tax to 8%. As Japan's economy slows, the question is whether this tax hike could push Japan back into recession? The last time sales tax was raised, the economy fell into recession, contracting 4 quarters out of the 6 quarters following the hike in which GDP suffered a 3% fall from peak-to-trough. 

What's included?

This report includes 1 file(s)

  • Economic Focus March 2014 PDF - 470.53 KB 5 Pages, 0 Tables, 6 Figures


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  • Japan's economy: taxing times
    • Stuttering economy
    • Impact of sales tax
    • Sales tax rise – a necessary evil?
    • Conclusion

In this report there are 6 tables or charts, including:

  • Japan's economy: taxing times
    • Real GDP Growth (Quarter-on-Quarter %)
    • Leading indicators - PMI
    • Retail sales
    • Yen real trade weighted index
    • Gross government debt (% of GDP)
    • Demographic structure
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