ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Economists question Japan's planned consumption tax hike

Abe 'will not hesitate to take fiscal action' in face of global downturn

Japanese Prime Minister Shinzo Abe is confident that the higher consumption tax will not be a drag on the economy. (Photo by Toshiki Sasazu)

TOKYO -- Japan's ruling Liberal Democratic Party and its junior partner Komeito won a majority of seats in the country's upper house election on Sunday, paving the way for Prime Minister Shinzo Abe's planned consumption tax hike in October.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more