Dec 9, 2013
Flash: Japan's sales tax to plunge GDP in Q2 2014 - JPM
Japanese GDP will most likely plunge in Q2 2014(-4.5% q/q saar) when the new sales tax from 5% to 8% in April 2014 is implemented, as it has done following previous increases in 1989 and 1997, notes John Normand.
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