• Nearly 70% of Japan households plan to cut spending post-tax hike - BOJ survey

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11 outubro 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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