Saturday, September 07, 2013

Japanese Customers wait for Tokyo 2020 Olympic decision as sales tax increase looms



Picture: Lottery shop, Japan.







"Japan’s central government is counting on the games to boost its overall economy, and Asahi also reports that the decision, which will be determined on Sept. 7, will have a very strong bearing on whether or not the consumption tax increase will take place in April. If Tokyo is the winner, the tax will go ahead as planned."





(Note: Decision will be announced approximately Saturday 7th September 2013, 5pm Tokyo time according to reports)







Source: How economically effective are the Olympics?
September 2nd, 2013 
by Philip Brasor & Masako Tsubuku
Japan Times