Research and analysis
Consumption tax raised for first time; lower growth expected in short term.
This document is no longer current.
Japan raises its consumption tax rate for the first time in 17 years. Business confidence is high but firms express caution over the near term outlook as the tax rise is expected to impact demand.
Don’t include personal or financial information like your National Insurance number or credit card details.
To help us improve GOV.UK, we’d like to know more about your visit today. We’ll send you a link to a feedback form. It will take only 2 minutes to fill in. Don’t worry we won’t send you spam or share your email address with anyone.