The Trader 

Market Outlook: Japan raises sales tax to 10 per cent

The Trader

From 8 per cent to 10 per cent sounds very little by EU standards, but the last 2 times the rate was raised – to 5 per cent in 1997 and 8 per cent in 2014 – it caused an economic recession and depressed consumer sentiment. There was a small rush on Monday to beat the move which came into force yesterday, as initially advertised. With the country already suffering the side-effects of President Trump’s trade war and their dispute with South Korea, the leading composite index is already well below 2014 and 2007 peaks.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now