IN BRIEF (Page 11)

Japan

Tax hike on way despite recession fears

From Oct 1, Japan will finally implement a much-delayed consumption tax hike, raising the rate from 8 percent to 10 percent, despite fears the move could cause a recession. The increase covers almost all purchases, from electronics and alcohol to books and cars. The government has however made a few exceptions. Magazines and newspapers that publish more than twice a week will stay at 8 percent, along with food items purchased for consumption off-site. That means groceries will stay at the old rate, along with food purchased for takeout. But it puts some food retailers, including bakeries and the country's ubiquitous convenience stores, in a bind because customers can choose to eat their purchases in store or outside, requiring two different rates.