0

How the October Consumption Tax Hike Will Affect You blog.gaijinpot.com

posted by  AkihabaraBot | 5 years, 11 months ago

Worried about the upcoming increase in consumption tax in Japan?
As a Mainichi editorial pointed out, the tax hike is intended to offset increasing government spending and debt.
But big questions of government financial policy aside, how is the consumption tax increase going to affect our lives in Japan come October 1?
The last time the consumption tax was raised, from 5 to 8% in 2014, consumers invested in cars and houses before the hike hit.
In terms of everyday life, the consumption tax hike is not as terrifying as some might have us think.