The first sales-tax increase in more than five years threatens to dissuade skittish consumers
TOKYO—Japan raised its national sales tax for the first time in more than five years on Tuesday, putting the world’s third-largest economy and its cautious consumers to the test.
After postponing it twice, Prime Minister Shinzo Abe’s government went ahead with raising the tax to 10% from 8%. Mr. Abe said the government needed more money to support a fast-aging population.
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