Cashin, David; Unayama, Takashi - 2011
One of the biggest political issues in Japan is an increase in the rate of value added tax (VAT). In this paper, we … evaluate its impact on household expenditure, using Japans April 1997 VAT rate increase from three to five percent as a case … has the potential to induce an income effects on household consumption. Based on monthly household expenditure data, we …