• Kyodo


The nation’s economy will stall for the next few years against the backdrop of the planned two-stage sales tax hike, the Organization for Economic Cooperation and Development projects in its biannual report released Tuesday.

The world’s third-biggest economy would see its gross domestic product growth slow to 1.5 percent in 2014 and 1.0 percent in 2015, adjusted for inflation, following a 1.8 percent expansion in 2013, the OECD said in its report.

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.