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IMF urges Japan to proceed with second sales tax hike

Credibility of the country's fiscal framework would be maintained

Published Thu, Oct 23, 2014 · 09:50 PM

Tokyo

JAPAN should go ahead with a second sales tax hike next year in order to maintain credibility of its fiscal framework, an International Monetary Fund (IMF) official said on Thursday.

"Going ahead with the tax (hike) is very important," said Roberto Guimaraes-Filho, deputy division chief of the Regional Studies Division at the IMF's Asia Pacific Department.