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AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 102296, member: 22847"] [B]AceTraderFx May 17: Japanese government would NOT delay a sales tax hike scheduled for next year[/B] [B]Intra-Day Market Moving News and Views 17 May 2016 [/B][I]01:30GMT[/I] The Nikkei business daily reported at the weekend that the government would delay the tax increase to focus on measures to boost domestic demand. But today, Japanese Economy Minister Nobuteru Ishihara speaking to reporters, that there is no truth on the media report that the government would delay a sales tax hike scheduled for next year. they had not received any instructions from Prime Minister Abe about the sales tax hike and that he would continue his work on compiling the government's annual growth strategy. While Japanese Finance Minister Taro Aso told reporters after a cabinet meeting that finance leaders from the Group of Seven rich nations will likely be discussing currencies and that Japan would place the utmost importance on stability in the foreign exchange market. G7 finance ministers and central bank governors will meet on May 20-21 in the northeastern Japanese city of Sendai. The finance chiefs are expected to discuss ways to adopt monetary, structural and other policies taking into account each country's situation as they tackle uncertainty over the global economy. Japanese Prime Minister Shinzo Abe speaking in parliament today, repeating that the government would raise the levy to 10 percent from the current 8 percent next April as scheduled barring a major financial crisis or significant natural disaster. He would decide on a sales tax hike planned for next year "appropriately at the appropriate time". [/QUOTE]
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