Japan’s Retail Sales Post Worst Fall in 4 Years as Tax Hike Hits Demand
TOKYO (Reuters) – Japan’s retail sales tumbled at their fastest pace in more than 4-1/2 years in October as a sales tax hike prompted consumers to cut spending, raising a red flag over the strength of domestic demand. The Japanese government increased the nationwide sales tax to 10% from 8% on Oct. 1, in a bid to fix the industrial world’s …
News story posted on 2019-11-28T00:50:00.0000000Z
