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Abe delays sales tax hike to October 2019

"Abenomics has been steadily producing results, but the global economic environment has changed unexpectedly quickly in the past year . . . Faced with global risks, we must fully reignite the engine of Abenomics and speed up efforts to escape deflation," said Mr Abe.


JAPANESE Prime Minister Shinzo Abe announced a widely anticipated and controversial decision on Wednesday to delay by two-and-a-half years to October 2019 a further hike in Japan's national consumption tax which had been due to take effect on April 1 next year.

"We have...

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