Abe Poised to Delay Unpopular Tax Hike Before Japan ElectionBy
Prime minister to put off increase for 2 1/2 years, allies say
About-face is blow to efforts to contain Japan’s debt burden
Japanese Prime Minister Shinzo Abe is poised to delay an increase in Japan’s sales tax until 2019, and may also outline plans for a new economic stimulus package, complicating the government’s efforts to tame the world’s largest debt burden.
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