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Fallout From Japan Sales Tax Hike to Be Limited

Sunday, 12 Aug 2012 | 10:00 PM ET

Masayuki Kichikawa, Managing Director and Chief Japan Economist at Merrill Lynch Japan Securities, as well as Mark Konyn, CEO of Cathay Conning Asset Management, both agree that the impact of the sales tax bill recently passed by Japan's parliament will have a more moderate impact than the sales tax hike that took effect back in 1996.