Posts tagged as: increase rate

Japan finds way to prosperity via tax rate increase – Part 1

Japan’s government said it will probably miss its goal of balancing the budget by 2020 even with its proposed doubling of the sales tax, underscoring the scale of the nation’s fiscal challenges. The primary budget deficit, which excludes the cost of servicing debt, will be the equivalent of 3.1 percent of gross domestic product for […]

Japan finds way to prosperity via tax rate increase – Part 2

The yen traded little changed today at 77.04 per dollar as of 2:44 p.m., compared with the postwar high of 75.35 reached on Oct. 31. Toyota Motor Corp. Chief Executive Officer Akio Toyoda said this month the “ideal” rate is 90. Asia’s largest automaker cut its profit forecast by more than half in December. A […]

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