Markets look askance as Japan wavers on promised tax increase

07/28/2013 | Reuters · Yomiuri Shimbun (Japan), The

Prime Minister Shinzo Abe may run the risk of upsetting markets if he abandons a fiscal reform plan to raise Japan's consumption tax next year. However, concerns are also growing that the tax boost could derail a nascent economic recovery hinged on early signs that the country's long-running deflation is finally yielding to a welcome inflation.

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Reuters · Yomiuri Shimbun (Japan), The

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