Japan Abe Set to Delay Sales Tax Hike, Meet with Aso to Discuss - Govt Sources

Japan Abe Set to Delay Sales Tax Hike, Meet with Aso to Discuss - Govt Sources

Reuters reporting headlines quoting government sources, Japan’s PM Abe is likely to announce a delay in the sales tax hike and will hold a meeting with finance minister Aso in coming days to discuss the same.

Key Headlines:

Abe to delay based on concern the move could tip the economy back into deflation, government sources told Reuters

Abe is likely to delay the tax hike by one to three years, said three sources with direct knowledge of the matter

PM Abe to meet with Finance Minister Taro Aso on Sunday, and Natsuo Yamaguchi, head of coalition partner Komeito, on Monday, to decide how long to delay the tax hike, the sources said.