Japan mulls second tax-hike delay as spending falls – Reuters

Some top Japanese bureaucrats and ruling party leaders are mulling over a delay in the second sales-tax hike proposed by Japan’s PM Abe, amid falling domestic spending which hurts prices.

Abe’s economic adviser Etsuro Honda told Reuters, “Considering the state of the Japanese economy, a delay is favourable.”

As of now, Abe and the Finance Ministry insist that the tax will rise in 13 months to 10% from 8% current.

Some top Japanese bureaucrats and ruling party leaders are mulling over a delay in the second sales-tax hike proposed by Japan’s PM Abe, amid falling domestic spending which hurts prices.

(Market News Provided by FXstreet)

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