Intensified trade war shaking tax hike plan

Japan News | May 15, 2019 at 10:22 AM
  • The escalating trade war between the United States and China has been putting pressure on the administration of Prime Minister Shinzo Abe over its consumption tax increase plan.
  • The Abe administration is sticking to its policy of implementing the consumption tax increase from the current 8 percent to 10 percent in October.
  • Dampened by the intensifying U.S.-China trade friction, Japanese stocks have kept falling since the new start of the Japanese era.