Japan's Aso: Will proceed with policy on assumption sales tax will go ahead
|Japanese Finance Minister Taro Aso said on Monday that the government will proceed with policy on assumption that the sales tax will be raised to 10% in October this year.
The previous tax increase from 5% to 8% in April 2014 had hit consumers hard and triggered economic slowdown.
Aso added further that the economic fundamentals are firm and consumption is expected to keep rising.
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