Top econ­o­mist Stiglitz cool on Ja­pan tax hike

China Daily (Canada) - - BUSINESS -

Joseph Stiglitz, a world-renowned econ­o­mist, told Ja­panese Prime Min­is­ter Shinzo Abe onWed­nes­day that in­creas­ing the na­tion’s con­sump­tion tax as planned in April 2017 would drive the world’s third­largest econ­omy in the wrong di­rec­tion. Speak­ing af­ter a sem­i­nar on global eco­nomic and fi­nan­cial is­sues, Stiglitz said that against a back­drop of weaker-than-ex­pected world­wide eco­nomic con­di­tions, “a con­sump­tion tax in­crease now is go­ing in the wrong di­rec­tion.”

REUTERS

A model wears an out­fit which is de­signed to pro­tect the wearer from pol­luted air dur­ing the CeBIT trade fair, the world’s big­gest com­puter and soft­ware fair, in Hanover, Ger­many, which runs un­til Fri­day.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.