G-20 finance ministers will ask Japan for a plan to revive its economy on fears that the nation's disaster could dent global growth, said Takatoshi Kato, a former IMF deputy managing director.
"It's not just a problem for Japan, but something that affects other countries," he said. Kato hinted that a one-time tax hike might be needed to cover the costs of the earthquakes and tsunami, which caused at least $300 bil in damage.
Source: http://www.investors.com
"It's not just a problem for Japan, but something that affects other countries," he said. Kato hinted that a one-time tax hike might be needed to cover the costs of the earthquakes and tsunami, which caused at least $300 bil in damage.
Source: http://www.investors.com
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