• Kyodo

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The International Monetary Fund on Monday urged the government to go ahead with the consumption tax hike next April as planned, saying it is “an essential first step to contain fiscal vulnerabilities.”

In its annual report on the Japanese economy, the IMF said that “the scheduled tax increases in April 2014 and October 2015 should proceed as planned as they are critical to maintain confidence in the ability of the government to address the fiscal problem.”

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