IMF praises Japan move to raise sales tax
News On Japan via Japan Today -- Jul 07
IMF Managing Director Christine Lagarde has praise for Japan's move to raise its sales tax to curb the swollen national debt.
She made the comments Friday in Tokyo where she is meeting with Prime Minister Yoshihiko Noda, other ministers and business leaders.
She said raising the consumption tax has worked in other countries to reduce debt. Japan is about to pass legislation to double its sales tax to 10 percent by 2015.
Source: Japan Today
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