You are here

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

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.


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...

Market voices on: