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Abe moves quickly to capitalise on success at G-7 summit

He is expected to delay consumption tax hike, unveil further fiscal stimulus and structural reform

G-7 leaders' declaration at the summit supported Mr Abe's claim that the global economy could find itself plunged back into a 2008-style crisis unless additional official stimulus is applied.


CAPITALISING on his success at last week's Group of Seven (G-7) summit in getting leaders to commit to fiscal stimulus, Prime Minister Shinzo Abe will this week approve a further delay in hiking Japan's consumption tax while also announcing a fresh spending package for the economy