Japan's Tax Hike Eclipses Apple and Amazon's Rising Sun
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Apple and Amazon.com reported weak sales in Japan last quarter, and they're blaming the tax man.
Prime Minister Shinzo Abe has lost some fans among Japanese consumers who are still fuming over an April 1 sales tax hike. Abe can add Apple and Amazon to his list of critics, who say the federal tax increase from 5 to 8 percent spooked customers into delaying purchases.