" TOKYO (Nikkei) – The government finalized Monday the outline of a 5 trillion Yen ($49.3 billion) stimulus package to counter the impact of next April's consumption tax increase, with plans to roll out an array of pump-priming measures to ease the shock in the first half of fiscal 2014."A projected upswing in tax revenue will help the government avoid issuing bonds to pay for the spending measures. The Ministry of Finance will raise the fiscal 2013 tax revenue forecast by 1-2 trillion Yen from the initially projected 43.09 trillion Yen."
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Formerly a chief economist providing advice to institutional investors, Nathan Lewis now runs a private investing partnership in New York state. Published in the Financial Times, Asian Wall Street Journal, Huffington Post, Daily Yomiuri, The Daily Reckoning, Pravda, Forbes magazine, and by Dow Jones Newswires, he is also the author – with Addison Wiggin – of Gold: The Once and Future Money (John Wiley & Sons, 2007), as well as the essays and thoughts at New World Economics.
See the full archive of Nathan Lewis articles.
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