Japanese Prime Minister Shinzo Abe will postpone a national sales tax hike initially planned in April next year.
Government sources disclosed the postponement was caused by woes the tax increase might push the country back into deflation. They added the premier will defer the tax raise by one to three years.
Abe will hold a meeting with Finance Minister Taro Aso Sunday and coalition partner Komeito head Natsuo Yamaguchi Monday to determine the right timing to implement the tax increment.
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