TOKYO -- As Japan prepares to raise the consumption tax for the first time in half a decade next year, the Ministry of Finance worries that gold smuggling will also get a boost.
Economy
Japan braces for gold smuggling rush in shadows of tax hike
Another potential bonanza for organized crime unless loopholes closed
Gold bars at a branch of Mitsubishi Materials in Tokyo. Japan is a go-to place for smugglers of the metal.
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