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To: orkrious who wrote (161274)4/21/2002 11:48:20 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<<A growing chorus of voices from Japan's ruling coalition parties are calling for the government to increase the burden and scope of consumption tax, or VAT, which now stands at five percent.>>

This is very interesting in that the whole idea of sovereign bonds being so safe is that supposedly you can tax the population to pay them off. Economics would tell you they should default to lower taxes right???

DAK