Japan's Prime Minister Shinzo Abe bows at the end of a news conference to announce a raise in the sales tax rate at his official residence in Tokyo October 1, 2013. Japan decided to compile an ... more 
Japan's Prime Minister Shinzo Abe bows at the end of a news conference to announce a raise in the sales tax rate at his official residence in Tokyo October 1, 2013. Japan decided to compile an economic stimulus package worth around 5 trillion yen ($50.96 billion) to offset the impact from a sales tax hike planned next April, the government said in a statement on Tuesday. The decision was made by Abe's cabinet hours after he said the government will raise the national sales tax to 8 percent in April from 5 percent in a bid to rein in the government's runaway debt. REUTERS/Toru Hanai (JAPAN - Tags: POLITICS BUSINESS) less 
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Reuters | Photo By Toru Hanai / REUTERS
Tue, Oct 1, 2013 6:01 AM EDT