Saturday, June 19th, 2010
In Japan, the ruling coalition party and the largest opposition party have announced two days ago that they are going to discuss a future increase of consumption tax and ask Japanese voters for understanding of and support for the new policy. This means that increase of consumption tax will be one of the main agendas for the next national election for sure and that it will probably take place soon regardless of which of the two parties comes into power.
Japan’s current consumption tax is 5% , which is relatively low compared with other countries’ consumption taxes. It looks that lawmakers are going to double it.
It will greatly affect the real estate market of Japan.
Minato Asset Management
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