Prime Minister Shinzo Abe has decided to raise Japan's sales tax next year but plans to launch a $50 billion stimulus package to avoid hurting the nation's budding economic recovery, reports said Thursday.
Japan's Prime Minister Shinzo Abe, pictured in Buenos Aires on September 7, 2013. Abe intends to raise sales tax to 8.0 percent next year, from the current rate of 5.0 percent.
Jiji Press and Kyodo news agencies reported that Abe intended to raise the tax to 8.0 percent from its current level of 5.0 percent in April 2014 as earlier scheduled.
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