Japan prepares stimulus in case tax boost deflates recovery

09/11/2013 | Japan Times, The

As Japan awaits the government's decision next month on whether to proceed with a planned tax increase in 2014, Finance Minister Taro Aso has ordered up plans for a stimulus package in the event the tax boost unravels the recovery. "If the government raises the consumption tax rate, we have to prevent consumer spending and the economy from languishing. [Prime Minister Shinzo Abe] asked us to come up with several ideas," Aso said.

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