Japan – The coming recession
Consumption expenditures dropped after the VAT rate hike last October. The GDP was down by -6.3% at annual rate in the last quarter of 2019. No recovery is expected in…
Philippe Waechter's blog
Japan in 4 Charts
On April the 1st, the Japanese VAT rate will raise by 3%, from 5 to 8%. Economic activity will slow down, during the 2nd quarter, in response to this negative…