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Japan fails to form consensus on sales tax hike – Retail in Asia

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Japan fails to form consensus on sales tax hike

The administration and the Democratic Party of Japan failed again on Thursday to form a consensus among party members on the contentious consumption tax hike, postponing until next week a planned Cabinet meeting to formalise the bill.

The administration originally planned to formalise the unpopular bill at a Cabinet meeting on Friday. The DPJ held meetings four straight days to persuade rank-and-file members to support the proposed legislation.