Reuters: US Dollar Report: Japan finmin: Next year's 3Q GDP key to sales tax hike decision

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Japan finmin: Next year's 3Q GDP key to sales tax hike decision Oct 25th 2013, 01:44 TOKYO | Thu Oct 24, 2013 9:44pm EDT TOKYO Oct 25 (Reuters) - Japanese Finance Minister Taro Aso said on Friday next year's July-September gross domestic product (GDP) will be key in deciding whether to raise the sales tax to 10 percent from 8 percent in 2015. Speaking at a news conference, Aso also said that consumer prices are gradually rising thanks in part to the government's economic policies. Japan will raise the national sales tax to 8 percent from 5 percent in April next year. The government plans to raise the tax rate again to 10 percent in October 2015, although it will make a final decision next year looking at economic conditions.

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