Agreement between parties on Japan sales tax increase
Japan's main political parties have reached an agreement on a plan to double the country's sales tax, after months of parliamentary deadlock.
Prime Minister Yoshihiko Noda's Democratic Party of Japan and the main opposition Liberal Democratic Party reached a deal over the weekend to raise the tax, a move which many see as vital in raising new revenues for the government.
The BBC's Mariko Oi in Tokyo says the sales tax agreement is a significant coup for the Japanese prime minister.
18 Jun 2012
- From the section Business