• Reuters, Kyodo, Staff Report

  • SHARE

Economic figures released Friday have amplified concerns among government officials and some economists about the extent of damage to the nation’s fragile economy caused by the October consumption tax increase.

Households cut their spending for the first time in almost a year in October as natural disasters disrupted business and the sales tax hike, from 8 percent to 10 percent, prompted consumers to rein in expenses.

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)