Abenomics Moves “All In†with April’s Tax Hike
While March’s wage hike by Japan came as a bright spot amidst growing concern over Abenomics, will April’s 3 percentage point tax hike rain on Abe’s parade? Since sweeping back into office in December 2012’s Lower House election, Prime Minister Shinzo Abe has pursued an aggressive plan—dubbed Abenomics—to create a “virtuous economic cycle†of increased…