Japan's Consumption Tax Hike Just Around the Corner
Retailers Scream at Rush Demand
March 31, 2014, Tokyo, Japan - Rolls after rolls of toilet tissue are stacked up high at a Tokyo's suburban home center on Monday, March 31. 2014, before the government levies the sales tax from the current 5% to 8% on April 1 as the country braces for its first tax hike in years.The last time Japan brought in a higher levy in 1997, it was followed by years of deflation and tepid economic growth. (Photo by Natsuki Sakai/AFLO) AYF -mis-