Sales tax going up to 8% from April 1
Posted: Mon Mar 24, 2014 10:18 pm
Due to rising welfare costs for a rapidly increasing elderly population (plus the olympics and the March 11 disasters), the sales tax is going up from 5% to 8%. Funny that a 3% tax on tea was what sparked an American revolution. Myself and many of my friends have been going on shopping sprees. Economists in the media were expecting spending would go up but regardless, expectations have not been met. And in other sad news, taxes will go up to 10% in October 2015. Japan is expensive enough to live in already. This is unbearable for me. I just mostly spent my money retro games, figures, DVDs, and PS3 games and a new PS4. I now have a credit card that gets me frequent flyer miles so hopefully I got enough for a first class ticket for my next vacation whenever that is.