In November, Prime Minister Shinzo Abe had moved a further increase in the tax on now ten percent f

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Japan's economy, according to new data in the third quarter of the year even more shrunken than originally thought. property prices australia The gross domestic product of the third largest economy in the world has declined at an annual rate from July to September by 1.9 percent, submitted revised figures represent. Original values from mid-November had spoken by 1.6 percent.
The new figures confirm that the Japanese economy is formally slipped back into recession. Factors for the retrogression are weaker investment by businesses and consumers have been, it said. VAT increase pushes economic
In the second quarter, the Japanese economy had collapsed after a tax increase by as much as 7.3 percent. The increase in VAT from five to eight percent in April is considered the main reason why the economy was again advised the end of 2012 to a halt after the recovery of the last recession.
In November, Prime Minister Shinzo Abe had moved a further increase in the tax on now ten percent from 2015 to April 2017. Abe also had dissolved parliament and called new elections for 14 December. With this step, he wanted the backing of his people property prices australia for economic