Japan to pledge 2019 tax hike to address debt mountain
(WorldNews France)

Japan is expected to announce on Monday that it will raise the consumption tax to 10 per cent from the current 8 per cent in October 2019, in an effort to address its huge public debt. The world’s third-largest economy has one of the highest debt-to-GDP ratios among rich nations. Much of it is held domestically at low interest rates, allowing Japan to avoid a Greek-style cash crunch. Critics say that raising the tax from eight to 10 per cent is crucial to finance snowballing social......