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 current stance of Japan's economy Minister regarding the tax hike?

What potential consequences could arise from raising the consumption tax in Japan?