An employee holds 10,000 yen banknotes for a photograph at the Mizuho Bank Ltd. branch inside the Mizuho Financial Group Inc. headquarters in Tokyo, Japan. (Photographer: Tomohiro Ohsumi/Bloomberg)

Why Japan Is Risking a Tax Hike in a Slow Economy

(Bloomberg) -- While tax hikes are rarely popular anywhere, in Japan increases in the national sales tax proved especially toxic, squelching economic growth and damaging political careers. Yet Prim...