Japan's Abe considering 2-year delay in sales tax hike
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Japanese Prime Minister Shinzo Abe is considering delaying a sales tax hike, originally planned in April 2017, by around two years, the daily Yomiuri newspaper reported on Friday.
Mr Abe will shortly convey his idea to Finance Minister Taro Aso and the head of his ruling Liberal Democratic Party's coalition partner, the paper said without citing sources.
The decision would come in the wake of a Group of Seven (G7) summit Mr Abe is hosting in western Japan, where he told the leaders the global economy may be on the verge of a financial crisis of the scale of Lehman Brothers.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
