March 31, 2014 / 9:22 AM / 4 years ago

RPT-Fitch: Japan Consumption Tax Hike Won'€™t Derail Recovery

(Repeat for additional subscribers)

March 31 (Reuters) - (The following statement was released by the rating agency)

The rise in Japan’€™s consumption tax on 1 April is not expected to derail its economic recovery, according to the March edition of Fitch’€™s APAC Sovereigns Chart of the Month.

Consumer confidence has dipped ahead of the hike, offsetting the increase recorded since the election of the Liberal Democratic Party-led coalition in December 2012 and the coming of '€œAbenomics’€�. However, a close reading of the evidence around a previous tax increase in 1997 suggests the drop may be short-lived.

€œAPAC Sovereigns Chart of the Monthâ€� is available at or by clicking on the link below.

Link to Fitch Ratings’ Report: APAC Sovereigns Chart of the Month: March 2014


0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below