Koll, Jesper
February 2008
Forbes Asia;2/11/2008, Vol. 4 Issue 3, p24
The article examines the factors that contributed to the economic problems of Japan in 207. Reform of the local inhabitants tax has resulted in a net tax hike of 2% for about 75% of Japanese households. Out-of-pocket contributions to pensions and social security were increased. Fiscal tightening cut disposable income by about 1.5% to 1.75% in 2007. It relates the role of the credit crunch in the decline of small and medium-size companies in Japan.


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