
Japanese Prime Minister Shinzo Abe on Monday said Japan will step up its efforts to steady its economic growth, encouraging companies to raise salaries as a means of offsetting possible negative impacts from the planned sales tax hike in April. "I want a fresh start with a fighting spirit and sense of urgency," (Kyodo) news agency quoted Abe as saying at his first press conference of the year in Mie Prefecture. He said the government wants to introduce additional measures to achieve a "virtuous cycle of the economy as well as higher incomes" for households, as the country will raise the consumption tax rate from the current 5% to 8% from April 1.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
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