• Reuters

  • SHARE

More than two-thirds of Japanese companies are feeling less pain from a sales tax increase last month than from the previous increase five years ago, which precipitated a recession, a Reuters poll has found.

The results of the survey support the view of the government and Bank of Japan that the economy looks likely to avoid a drop in private consumption, thanks to steps taken to offset how the tax increase will affect the public.

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)