AOL Television

Japan Inc to Abe: Forget Sales Tax, We Want Firing Power

  • Aired: 1/23/2013
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Synopsis >

Nice work, Mr Prime Minister. The yen is cheap - parked not too far from a hundred to the dollar mark, the central bank's supported your aggressive stimulus plans and Japan's biggest exporters are finally back on track towards profitability. But your next likely move - a hike in the sales tax, won't be so well-received. An exclusive Reuters survey of corporate Japan shows nearly two third of companies who responded predict the tax will have a negative impact on their results.

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