Japans Sales Tax Expected to Be Raised Again

The transcript discusses Japan's potential increase in consumption tax from 8% to 10% next year, based on economic conditions. Economists are divided on the impact, with concerns about GDP contraction and Japan's heavy debt burden. Political factors, including possible elections, also play a role in the decision-making process.

What is the proposed increase in Japan's consumption tax for next year?

• From 5% to 8%

• From 8% to 12%

• From 8% to 10%

• From 10% to 12%

What factor will influence the decision to raise the consumption tax?

• The health of the global economy

• The opinion of international economists

• The health of the Japanese economy

• The outcome of upcoming elections

What was the GDP contraction in Japan after the previous tax hike?

• 5.1%

• 7.1%

• 8.1%

• 6.1%

What is one potential political action if the tax hike plan does not proceed as expected?

• Dissolving the parliament and holding elections

• Increasing the tax to 15%

• Implementing new economic sanctions

• Reducing the tax to 5%

What is a concern regarding raising the tax without Japan exiting deflation?

• It will boost the economy

• It will have no impact

• It might be a mistake

• It could lead to hyperinflation