Japanese Finance Minister Taro Aso said on Monday that the government will proceed with policy on assumption that the sales tax will be raised to 10% in October this year. The previous tax increase from 5% to 8% in April 2014 had hit consumers hard and triggered economic slowdown. Aso added further that the economic fundamentals are firm and consumption is expected to keep rising. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC sets yuan reference rate at 6.7954 FX Street 3 years Japanese Finance Minister Taro Aso said on Monday that the government will proceed with policy on assumption that the sales tax will be raised to 10% in October this year. The previous tax increase from 5% to 8% in April 2014 had hit consumers hard and triggered economic slowdown. Aso added further that the economic fundamentals are firm and consumption is expected to keep rising. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.