Japan’s tax hike plan clears final hurdle, focus on polls

TOKYO (Reuters) – Japan’s contentious plan to double the sales tax cleared the final hurdle in a parliamentary vote on Friday after Prime Minister Yoshihiko Noda promised to bring forward an election likely to end his party’s three-year rule. The passage of the plan in the opposition-controlled upper house is a result of a rare political compromise and a breakthrough for Japan trapped for years in a cycle of revolving-door governments and policy paralysis. …
Politics News Headlines – Yahoo! News

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