• SHARE

It’s different this time. The four most dangerous words in markets, according to former U.S. Treasury Secretary Larry Summers.

With the consumption tax set to be raised for the first time since 1997, Prime Minister Shinzo Abe’s political future rides on a different outcome than last time — when the economy slid into a recession and the prime minister lost his job. To avoid a spending slump, Abe is poised to unveil a stimulus plan to counter the 3 percentage point bump in the sales levy to 8 percent.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)