Is Japan recovering from the VAT rate hike of April the 1st? Clearly it doesn’t
Is Japan recovering from the VAT rate hike of Avril the 1st? Not really when we look at July numbers on retail sales. (see here for a detailed analysis of…
Philippe Waechter's blog
The Japanese Economy after the increase of the VAT Rate
The VAT increase on April the 1st has had a strong and negative impact on the Japanese economy. The inflation rate spiked to 3.4%, households’ purchasing power dropped dramatically and…