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Japan Seen Needing $47 Billion Stimulus for Next Tax Bump

Prime Minister Shinzo Abe will need a 5 trillion yen ($47 billion) fiscal stimulus package to cushion the impact of a further increase in Japan’s sales tax, a survey by Bloomberg News shows.

The median from estimates of 13 economists in the survey is similar to the extra spending Abe prepared for the earlier bump in the levy to 8 percent in April.