Japan Must Delay Sales-Tax Rise to Recover, Abe Aide Says

  • Abe seeks postponement of increase until October 2019: NHK
  • Shimomura says increase would threaten the goals of Abenomics

Japan May Delay Sales Tax Hike Until 2019

Japan needs to delay increasing its sales tax until late 2019 to sustain its economic recovery, an aide to Prime Minister Shinzo Abe said Sunday. There is a possibility that such a move could trigger a general election.

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