Japan Delays Sales Tax Hike for 2.5 Years

The transcript discusses Japan's economic policy, focusing on the delay of a sales tax hike due to concerns about private consumption and debt levels. The Prime Minister plans to implement structural reforms and a $90 billion economic stimulus package. The Finance Minister also expressed concerns about the timing of the tax hike. Public opinion is divided, with many opposing the tax hike and its postponement. The government aims to achieve a primary budget surplus by 2020, despite rising debt levels.

What was the main reason for the Japanese Prime Minister's decision to delay the sales tax hike?

• To align with G7 policies

• To win the Upper house election

• To increase private consumption

• Due to a Lehman-type economic shock

What economic measure is the Japanese Prime Minister planning to introduce to stimulate growth?

• An increase in public sector jobs

• A reduction in corporate taxes

• A $90 billion economic stimulus package

• A new trade agreement

What is the Finance Minister's main concern regarding the sales tax hike?

• Stagnant private consumption

• Rising inflation

• Increasing unemployment

• Decreasing foreign investment

What is the public's general opinion on the sales tax hike?

• Majority are unaware of the hike

• Majority are indifferent

• Majority oppose the hike

• Majority support the hike

What is the Japanese government's target related to the budget by 2020?

• Achieving a primary budget surplus

• Doubling GDP growth

• Reducing national debt by half

• Increasing exports by 20%