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Japan sales tax hike didn't cause big front-loading, pullback in spending: minister
[TOKYO] Japanese Economy Minister Yasutoshi Nishimura said on Friday that last month's sales tax hike did not cause a big front-loading of purchases or a subsequent pullback in consumption.
However, Mr Nishimura said the economic slowdown overseas warranted attention as it has caused a decline in exports and factory output. He added that the government needed to take seamless steps to support private consumption with an economic package it plans to compile next month.