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As Japan Recovers, Fears That Tax Increase Could Halt Progress

wochit business
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September 15, 2013 AT 5:01 AM
Japan is on a roll. Its economy is growing at a robust rate of 3.8 percent, thanks to the bold monetary and economic policies of Prime Minister Shinzo Abe. Japanese stocks are up 40 percent this year, and the country is on the cusp of overcoming 15 years of deflation. To boot, Tokyo has just won in its bid to hold the 2020 Summer Olympics, raising hopes of an investment and construction boom.