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Japan PM says sales tax to increase in April

Associated Press
Japan PM says sales tax to increase in April

Japan's Prime Minister Shinzo Abe bows after speaking on a sales tax hike at a press conference at the prime minister's official residence in Tokyo Tuesday, Oct. 1, 2013. Abe went ahead with a much debated sales tax hike needed to offset Japan's soaring public debt, gambling that the country's economic recovery is strong enough to absorb the shock. The sales tax will rise to 8 percent in April from the current 5 percent, Abe announced Tuesday. (AP Photo/Koji Sasahara)

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