You are here

Taxing times for Abe

33179705566.jpg
Japan's surprise recession has clouded its fiscal future. Data released on Nov 17 showed the country's output has fallen for a second straight quarter.

Singapore

JAPAN's surprise recession has clouded its fiscal future. Data released on Nov 17 showed the country's output has fallen for a second straight quarter. Once again, the modest 3 percentage point increase in Japan's sales tax rate in April was the culprit. The fragility of private