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 Statist retards hurting economy: Retail sales fall as Japan tax rise bites

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Statist retards hurting economy: Retail sales fall as Japan tax rise bites Vide
PostSubject: Statist retards hurting economy: Retail sales fall as Japan tax rise bites   Statist retards hurting economy: Retail sales fall as Japan tax rise bites Icon_minitimeThu May 29, 2014 5:11 am
Retail sales in Japan fell at a record pace in April, after the government pushed ahead with the first consumption tax rise in 17 years to repair its tattered finances.

Preliminary figures released on Thursday by the ministry of economy, industry and trade showed that sales by retailers in April dropped 13.7 per cent from the previous month, on a seasonally-adjusted basis, after the tax was lifted from 5 per cent to 8 per cent on April 1. That marked a high in records dating back to 2000, topping an 8.4 per cent fall in the aftermath of the March 2011 earthquake.

Statist retards hurting economy: Retail sales fall as Japan tax rise bites 1f587749-f026-4c75-bdfa-9e4a98cdd89e

http://www.ft.com/cms/s/0/f6a564ea-e6de-11e3-b8c7-00144feabdc0.html
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