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Priority shift in Japan could alter emphasis of Abenomics

Abe is almost certain to delay raising the sales tax in April 2017, signalling a move towards using fiscal stimulus

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Anticipation of a sales tax hike usually triggers consumption in advance of the move, but in Japan, households hoard money ahead of what they expect is a rise in living costs from a higher sales tax, said economist Nouriel Roubini.

Tokyo

IT now appears all but certain that Prime Minister Shinzo Abe will postpone the politically risky move of raising Japan's unpopular consumption tax - and that he will announce this at the Group of Seven (G7) summit hosted by Japan in May.

The move could alter the nature of

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