After weeks of heated debate over whether to press ahead with a controversial sales-tax increase, Japanese Prime Minister Shinzo Abe appears poised to rule in favor of the move, which is seen as crucial to curbing Japan’s soaring national debt.
The consumption tax is due to rise from 5 percent to 8 percent next April and Abe is widely tipped to approve the hike on October 1, when his decision on the matter is due.
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