- Say Abe will raise sales tax by 1%/year for 5 years
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Research note from Morgan Stanley /Mitsubishi UFJ Financial Group.
Headline crossing the newswires
Abe advisers Honda and Hamada both support an incremental approach to the sales tax rise
An incremental approach risks less damage to the Jpanese economy than the current plans (see link), but will be slower to show fiscal consolidation.