- Nearly 70% of Japan households plan to cut spending post-tax hike - BOJ survey
Market news
11 October 2019
Nearly 70% of Japan households plan to cut spending post-tax hike - BOJ survey
Nearly 70% of Japanese households expect to cut back on spending after October's increase in the sales tax rate, a central bank survey showed on Friday.
The survey also showed 37% of households had front-loaded purchases ahead of the October tax hike to avoid the heavier levy, with purchases centring on daily necessities and cars.
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