Japanese policymakers divided over consumption-tax hike

08/7/2013 | CNNMoney

Japan must decide whether to go ahead with a planned doubling of its consumption tax to 10%. Supporters say it is an essential step toward bringing down the huge public debt, which is expected to reach 230% of gross domestic product in 2014. Critics warn that it could slow economic growth, which is just now emerging from 15 years of stagnation.

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