Japan Considers Deficit Cuts as Sales-Tax Debate Intensifies

Japan Considers Deficit Cuts as Sales-Tax Debate Intensifies

Yuriko Nakao/Bloomberg

Customers inspect rings on display at a jewelry store in Sapporo. Economy Minister Akira Amari told reporters late yesterday in Tokyo that “there is no option to not raise the consumption tax at all,” barring an external shock of a magnitude similar to the September 2008 global money-market breakdown.