Japan will raise taxes for 2019 and no one can stop it

Prime Minister Shinzo Abe said Monday the Japanese government will raise the consumption tax to 10 percent from the current 8 percent in October next year as planned, after postponing the increase twice due to concerns it would dampen consumer spending and hurt the economy.   Confirming that the schedule remains unchanged in an extraordinary Cabinet meeting, Abe said he will make "all-out efforts and take all measures" to prevent the tax hike from having a negative impact on the economy, according to a summary of his remarks released by the government.   [caption id="attachment_258193" align="aligncenter" width="650"] photo credit to:... RegisterLogin

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