date:Oct 15, 2018
Today, Japan announced a much anticipated sales tax hike in 2019 to address the nation's huge public debt, despite warnings it could hobble growth in the world's third-biggest economy.
The point-of-sale tax will rise from eight percent to 10 percent from October next year as ageing and heavily indebted Japan battles to finance snowballing social security bills - especially medical fees.
The tax rise was originally planned for October 2015 but was pushed back twice due to fears it could derail