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Month: March 2014

As Taxes Rise in Japan, Will Abenomics Turn Into Abegeddon?

Since becoming the Prime Minister of Japan, Shinzo Abe has implemented controversial steps to revive Japan’s economy.  Tomorrow marks his riskiest move when he raises the consumption tax for the first time in 17 years.  Starting this new fiscal year on April 1st, the consumption tax will rise from 5 percent to 8 percent.  This could be problematic for Japan’s recovery.

See the FT series on US Labour Market Slack that contains quite excellent analysis…the prof