World Economy

OECD Backs Japan Tax Hike

OECD Backs Japan Tax HikeOECD Backs Japan Tax Hike

Japan should raise sales taxes again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money. The Bank of Japan must do more “beyond 2015” to support its economy, said Rintaro Tamaki, deputy secretary general of the OECD, Business Times reported.