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xwinfinance

Japan is slipping into stagflation — a dangerous combo of economic slowdown and rising prices ⚠️

The Cabinet Office has declared that Japan's economy is deteriorating, marking the first "worsening" in 4 years and 10 months (since July 2020), signaling a high risk of recession.

Amid this, a "single tax" starts next year, along with corporate tax & tobacco tax hikes, and an income tax increase from 2027.

#Japan #Economy #Stagflation

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