The Japanese government will push ahead with plans to raise the consumption-tax rate from 5 percent to 8 percent starting from April next year, Japanese media reported Monday.
Prime Minister Shinzo Abe will announce the plan in a news conference late Tuesday, according to the report.
Experts have warned the Japanese government that if it proceeded with the planned consumption-tax hike, Japan's economy would slide back into recession.
Abe will also announce measures to prevent Japan's economy from falling into recession, the report said.
Prime Minister Shinzo Abe will announce the plan in a news conference late Tuesday, according to the report.
Experts have warned the Japanese government that if it proceeded with the planned consumption-tax hike, Japan's economy would slide back into recession.
Abe will also announce measures to prevent Japan's economy from falling into recession, the report said.
Copyright ⓒ Aju Press All rights reserved.