Japanese Economy Minister Toshimitsu Motegi said on Friday he saw no sign of con...
FILE PHOTO - Japanese Minister of Economic Revitalization Toshimitsu Motegi attends a news conference on the Trans Pacific Partnership Ministerial Meeting during APEC 2017 in Da Nang, Vietnam, November 11, 2017. REUTERS/Kham
TOKYO - Japanese Economy Minister Toshimitsu Motegi said on Friday he saw no sign of consumers front-loading their spending ahead of a sales tax hike scheduled for October. Motegi made the comments at a news conference when asked about the possible impact of the planned tax rise on consumer spending.
The previous tax hike to 8% from 5% in April 2014 weighed on consumer confidence and set off an economic slump. The tax will be raised to 10% in October.
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