Economics
Japan Sales-Tax Debate Looming for Abe After Election
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Koichi Hamada, an adviser to Prime Minister Shinzo Abe, said that he was cautious about increasing Japan’s sales tax soon, signaling Abe will face debate over the planned move after a forecast election victory this weekend.
“It is possible to postpone,” Hamada said at a gathering of business leaders in Karuizawa, Nagano, today, referring to a plan to increase the levy in April next year. “I think it is necessary to let people know about this,” he said, adding that “it is the prime minister’s decision.”