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As the spotlight has been on Japan's new Emperor Naruhito, the economy is coping with half a decade of Abenomics, monetary injections, huge debt and a proposed sales tax that could make things a lot worse by the fall.
Ever since Shinzo Abe started his second stint as Prime Minister, Japan has focused on positive economic signals, which has sparked futile hopes, including a bad sales tax proposition.
Japanese officials vow to stick to the planned tax hike in October (it has been delayed twice), barring a big economic shock. With the 2019 budget, Abe