Insight
Economic Focus March 2014
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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.
Table of contents
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Japan's economy: taxing times
- Stuttering economy
- Impact of sales tax
- Sales tax rise – a necessary evil?
- Conclusion
Tables and charts
This report includes 6 images and tables including:
- Real GDP Growth (Quarter-on-Quarter %)
- Leading indicators - PMI
- Retail sales
- Yen real trade weighted index
- Gross government debt (% of GDP)
- Demographic structure
What's included
This report contains:
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