• Kyodo

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Analysts are split on whether the forthcoming stimulus package can prevent the economy from suffering a severe downturn after the 5 percent consumption tax is raised to 8 percent next April.

Some of them say the package, involving ¥5.5 trillion in fresh funds from the central government, will fail to support households that would be directly hurt by the tax increase, possibly triggering a sharp deterioration in consumer confidence.

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