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Shoppers Set to Downsize as Japan Tackles Its Debt Mountain

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Shoppers Set to Downsize as Japan Tackles Its Debt Mountain
AIRED:
Shinzo Abe has built a brave reputation. But even for Japan's popular prime minister, hiking sales taxes for the first time in nearly two decades takes guts. The tax increase is meant to help tame the government's runaway debt - the heaviest in the developed world. But not surprisingly, it's proving divisive. Some top business leaders, like Sony's Kazuo Hirai, have expressed their support. But some of the consumers who are going to get hit straight in their wallets are downright angry. .moreless
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