[xzins]

The international financial organization said the sales tax hike could be paired with reduced personal income tax allowances and corporate tax reform to stimulate domestic investment.

These people are insane if they think this will "stimulate domestic investment"

The IMF apparently fully supports Obamanomics.

[Ronin]

Stupidity!

If they raised the consumption tax that high, every single Japanese household would go into immediate budget lockdown. No eating out, no new clothes, no luxury items and certainly no big ticket items like cars, refrigerators or washing machines.

You have never seen frugality until you have seen a Japanese family seriously on the cheap!

A raise to 10% is just barely doable. Nobody likes the idea, but most of the public is resigned to the necessity. They can do the math.

But 15%? There is not a chance in the world that the Diet would approve that.

They’d be lynched!!!

[opentalk]

IMF, seems is is acting in a global governance capacity..