in_the_media

Japan passes first sales tax rise since 1997

Media Outlet: 

Bloomberg

Japanese Prime Minister Yoshihiko Noda won parliamentary approval for his bill to raise the country’s sales tax for the first time in 15 years, a move that split his ruling party and weakened its election prospects. “Getting this controversial bill, a major legislative accomplishment, through a hung parliament should burnish Noda’s credentials,” said Jeff Kingston, a faculty member at Temple University, Japan Campus.