Japan unveils sales tax hike
date:Oct 15, 2018
potentially historic recession like a global slump triggered by the 2008 collapse of Lehman Brothers.

The measures will include plans to leave the sales tax on food unchanged at eight percent, Suga said.

The government also plans subsidies to offset the impact of the sales tax hike on some durable goods such as houses and environmentally friendly cars.

And the proceeds from the tax hike will go in part to fund free nursery places to ease the impact on families and encourage Japanese to have
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