Japanese Voters Reject Ruling Party and Doubling 'VAT Tax'; AP Calls I

Tom Blumer
July 13th, 2010 1:43 AM
An outraged electorate has just handed Japan's ruling party its hat in elections for half of the seats in the upper house of that country's parliament in a direct reversal of election results from a year ago. Opposition parties made major gains. The results constitute a resounding rejection of a massive value-added tax increase proposed by a guy whose immediate predecessor of the same party…