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Japan is postponing plans to raise its sales tax to 10 percent.
According to Prime Minister Shinzo Abe on Wednesday... Tokyo will delay a sales tax
hike from eight percent in April next year until late 2019.
He said the decision was made as economic weakness in China and the slowdown in emerging
markets could again push Japan into deflation. Abe claimed he wants to speed up his Abenomics
policy and stimulate economic growth. The original plan was to raise the tax last
year, but it was pushed back to April 2017 amid concerns the country's slow consumer
spending could further weaken.
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Japan delays sales tax increase by more than 2 years

95 Folder Collection
Qmo Lee published on October 12, 2019
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