Japan: Tokyo Governor: 10% Sales Tax a ‘Difficult’ Decision
Japanese Prime Minister Shinzo Abe faces a tough decision on whether to hike the consumption tax to 10 percent next year given the nation’s nascent economic recovery, the governor of Tokyo told CNBC on Wednesday. (Source: CNBC)

United Kingdom: Bank of England Boss: Interest Rates Likely to Rise Months Before Wages Do
The Bank of England’s governor, Mark Carney, has warned trade union members that they face higher interest rates next spring before they receive rises in real wages. (Source: The Guardian)

Brazil: Moody’s Threatens to Downgrade Brazil as Economy Stalls
“Moody’s Investors Service on Tuesday warned it may cut Brazil’s credit rating, piling pressure on the winner of October’s presidential elections to change course on economic policy. Ahead of the Oct. 5 vote, debate about whether to tighten fiscal policy is a hot campaign topic. President Dilma Rousseff, who has indicated she won’t radically alter policies if re-elected, faces a strong challenge from environmentalist Marina Silva, who is keen to cut government spending. (Source: Reuters)

European Union: EU’s Juncker to Unveil New European Commission
The new 28-strong European Commission team will be announced shortly, after weeks of national rivalry over some of the most powerful jobs in the EU. (Source: BBC News)

Indonesia: Widodo Risks Misfiring With Government Streamlining
Indonesian President-elect Joko Widodo plans to merge some government ministries and spur faster decision making as he seeks a fresh approach. Doing too much, too soon risks distracting from his economic priorities. (Source: Bloomberg)

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