Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
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China launched a free trade zone in the commercial hub of Shanghai on Sunday, state media reported, with the project seen as a testing ground for much-needed reforms in the world’s second-largest economy. The zone, which covers 29 sq. km, “started operating Sunday,” the ...
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