Japan PM Abe: No plan now to postpone sales tax hike

[TOKYO] Japanese Prime Minister Shinzo Abe said on Monday he has no plans now to freeze or postpone a sales tax hike to 10 per cent from 8 per cent scheduled in April next year.

Speaking in parliament, Mr Abe also confirmed his previous remarks that it would not make sense to raise the sales tax if it hurts the economy enough to lead to a decrease in tax revenues.

REUTERS