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A key panel of Japan's ruling Democratic Party of Japan agreed late yesterday on a controversial...

Dec. 30, 2011 1:35 AM ETEWJ, DFJ, DXJ, JSC, JPP, EWV, SCJ, EZJ, JGBL, JGBT, FJP, NKY-OLD, JGBS-OLD, JGBD, JPXNBy: Rachael Granby, SA News Editor4 Comments
A key panel of Japan's ruling Democratic Party of Japan agreed late yesterday on a controversial plan to double the sales tax to 10% by 2015 in order to reduce debt and potentially head off another ratings downgrade. The bill must still be approved by a government panel and then by parliament, where an opposition party is already hinting it may not cooperate.

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