Krugman Urges Abe to Scrap Sales-Tax Increase, Boost Stimulus

  • Japan still hasn't escaped deflation, Nobel laureate says
  • Consumption tax is scheduled to rise to 10% in April 2017

Nobel prize winner Paul Krugman urged Japanese Prime Minister Shinzo Abe to abandon plans to raise the nation’s consumption tax next year and instead expand fiscal stimulus to revive the economy.

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