Tomo Kinoshita, chief economist, Japan at Nomura, referring to the looming hike in the sales tax. (CNBC)
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If your income doesn't go up, the sales tax will be a burden.
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8 Comments
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Jimizo
No s##t.
mffdvr
No it won't if you buy tea, rice, veggies and fruits from local farmers where taxes aren't applied.
nath
Genius!! No wonder Nomura are such an international powerhouse in the world of high finance.
TheDevilsAssistant
How much does this guy get paid?!?!
umbrella
Hey. did you know that if you spend money, you will have less money left. And if you don't spend money, you will keep all of it?? Now, where's my chief economist salary and bonuses??
some14some
One liner chief economist representing Nomura Japan :)
Argus Tuft
"...If your income doesn't go up, the sales tax will be a burden. ..."
Well thanks Captain Obvious