Belatedly, Japan's leading politicians are waking from their coma and realizing that the country's economy is in a massive mess hit by a triple whammy of low growth, heavy debts and an increasingly aging population. Talk in the runup to Sunday's Upper House elections is when and by how much to raise the 5-percent consumption tax.
The good news is that there is a sort of Japanese-style consensus about the inevitability of doubling the tax. The bad news is that 10 percent is not going to be sufficient to close the government deficit or get on top of the debts.
Read this news article on Japan Times.
Glossary
Visit Our Investment Terms Glossary
*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.