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Japan sales tax hike: ruling parties go for US$8b exemption

Thursday, December 17, 2015 - 05:50

Tokyo

JAPAN's ruling coalition on Wednesday endorsed an US$8 billion exemption in a planned sales tax hike, a move widely seen as a bid to lure voters in upper house polls next year - a worrying signal of back-pedalling on fiscal consolidation.

In the annual tax reform, Prime

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