Reports Japan is considering a 4% corporate tax surcharge – to go toward defence spending

Details are sparse – Japan media report. Kyodo.

This doesn’t sound like a vote winner.

Japanese firms looking at:

weak yen pushing up imported raw material and energy costshigher PPI more generallywage demandsweak consumer demandlikely rate hikes

And now higher tax?

This article was written by Eamonn Sheridan at www.forexlive.com.