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Shinzo Abe Likely to Approve Tax Hike

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After weeks of heated debate over whether to press ahead with a controversial sales-tax increase, Japanese Prime Minister Shinzo Abe appears poised to rule in favor of the move, which is seen as crucial to curbing Japan’s soaring national debt.

The consumption tax is due to rise from 5 percent to 8 percent next April and Abe is widely tipped to approve the hike on October 1, when his decision on the matter is due.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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