Noda's job in jeopardy after sales tax to reduce debt
From bloomberg.com
Yoshihiko Noda has accomplished more than Japan’s five previous prime ministers in his first year in office. He may still lose his job, after dividing his party, outraging anti-nuclear activists and raising taxes. Noda split the ruling Democratic Party of Japan with legislation doubling the sales tax to address record debt, a measure policy makers had struggled to pass for a decade. Responding to power shortages that threatened economic recovery, he reactivated two atomic reactors, risking a backlash from a public still traumatized from last year’s Fukushima disaster. Now, Noda must convince a weakened DPJ to keep ...
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