U.S.-China trade war unlikely to trigger “Lehman shock” on global economy

in order to mitigate some of the impact of the U.S.-China trade war, Japan plans on laying the groundwork for a hike in sales tax.

On Tuesday, Japanese Finance Minister Taro Aso stated the U.S.-China trade war is not likely to significantly impact the world economy on the scale of the “Lehman shock”.

The dispute between the two of the world’s largest economies is unlikely to be resolved easily.

Aso went on to add, the Japanese government will lay the groundwork for a planned sales tax hike to be implemented barring a big economic shock like the collapse of Lehman Brothers about a decade ago.

Also, there’s no need to consider additional stimulus measures at the moment to ease the pain of the tax hike planned for October, said Aso.

Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Strategy

Tags: , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: