TITLE

HIDE IN JAPAN

AUTHOR(S)
Koll, Jesper
PUB. DATE
February 2008
SOURCE
Forbes Asia;2/11/2008, Vol. 4 Issue 3, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
31193713

 

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