Most Japanese firms unfazed by U.S. tariffs, support sales tax relief — Reuters survey ...Middle East

Many firms are taking a long-term view, noting the Trump administration’s limited term.

On domestic policy, the survey revealed six in ten firms back a sales tax cut, amid rising inflation and ahead of Japan’s July upper house election. However, nearly two-thirds oppose funding it through government bond issuance, citing concerns over Japan’s ageing population and rising social security costs.

The current sales tax stands at 10% (8% for food and newspapers).

This article was written by Eamonn Sheridan at www.forexlive.com.

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