News Express: Japan Moves to Double Sales Tax

Japan moves to double the country's sales tax to 10%. Billionaire brothers Thomas and Raymond Kwok, co-chairmen of Hong Kong's largest property developer Sun Hung Kai, have been arrested in a corruption probe. A Foxconn audit has found serious violations of labor laws. Bloomberg’s Susan Li reports. (Source: Bloomberg)

Running Time: 02:44

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.