Japanese Lawmakers Still Doubt Sales Tax Hike Strategy

Controversial plans to raise Japan’s consumption tax may be edging closer to fruition, but some doubts persist, with one key lawmaker noting it could damage the economy.

“Economically speaking, maybe the consumption tax is not good for us,” Hideki Makihara, a member of Japan’s House of Representatives in charge of the ruling Liberal Democratic Party’s corporate taxation policy, told CNBC Wednesday on the side-lines of the World Economic Forum in Dalian, China.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza