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Japan gains excuse to delay sales tax hike and boost fiscal spending

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Japanese premier Shinzo Abe (right) and Nobel laureate Joseph Stiglitz (second from left) greeting each other in traditional Japanese fashion at a meeting held to prepare for the G-7 summit in May.

Tokyo

FORMER World Bank chief economist Joseph Stiglitz said on Wednesday that he has advised Japan's Prime Minister Shinzo Abe to delay a consumption tax increase scheduled for early next year, and to focus instead on implementing fiscal stimulus to speed up the country's recovery from

sentifi.com

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