Japan aims to beat deflation

Japan's steady progression is a fact, despite the weak private consumption, as the nation aims to beat deflation, the Japanese government's higher spokesman reported today.

Japan's weak private consumption concerns

Yoshihide Suga, Chief Cabinet Secretary, stated that the weak private consumption is indeed a concern, amid the nation’s economy expanding at the fastest rhythm, throughout January to March.

Furthermore, Shinzo Abe's decision on increasing sales tax, from 8% to 10% in April next year, solely depends on the consumption’s strength and gross domestic product outcome.

Moreover, the Japanese economy tipped into a recession, following the previous tax increase from 5% to 8% back in 2014, forcing Shinzo Abe to delay, by 18 months, a second tax rise.

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