Japan Stock Market to Abe: Delaying the Sales Tax Fine With Us
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Shinzo Abe would be doing the right thing by delaying an increase in Japan’s sales tax, if stock investors are any guide.
The Topix index extended a six-year high today amid heavy trading on speculation Japan’s premier is about to postpone a planned boost to the levy and call a snap election. A gauge of real-estate developers surged 3 percent, leading gains among the measure’s industry groups, while department-store owner J Front Retailing Co. jumped 3.1 percent.