Economics
Abe Seen Needing 2% Growth This Quarter to Increase Tax
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Economic growth of 2 percent this quarter will be enough to allow Prime Minister Shinzo Abe to proceed with an increase in the sales tax to 10 percent next year, a survey by Bloomberg News shows.
Abe’s government has indicated he’ll make a decision in December after examining data for the three months through September. Economists in a separate poll project growth this quarter at 2.4 percent on an annualized basis.