Stiglitz to Abe: Don't Raise Japan's Sales Tax, Stimulate Growth

  • Nobel-Prize winner says other levies could support investment
  • Abe has to make decision on planned levy increase due in 2017

Joseph Stiglitz.

Photographer: Simon Dawson/Bloomberg

Nobel-prize winner Joseph Stiglitz urged Japanese Prime Minister Shinzo Abe not to raise the nation’s sales tax next year, instead encouraging the premier to consider other forms of taxation that could stimulate the world’s third-largest economy.

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