Health

Japan PM delays sales tax rise

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AAP

legislators Japanese Prime Minister Shinzo Abe said he had decided to postpone the scheduled increasing sales tax from years two and a half ago, and put his plans for financial reforms on the back burner amid further weakness in the economy.

delays expected on a large scale will be welcomed by the majority of voters, who will cast their vote in the House of Councillors election in July. but fueling doubts about my father, and included in plans to curb Japan apos; s huge public debt and fund inflation and social care for the elderly population costs quickly

prime minister will hold a press conference in 18:00 (1900 GMT), “I want to fulfill my responsibility by accelerating Obinomaks more and more,” he said to explain his decision to the public.

Abe brings the Liberal Democratic Party’s ruling on Wednesday.

“I have decided to postpone raising the sales tax to 10 per cent by two and a half.”

and it will be the second time that Abe delayed increase in the sales tax to 10 per cent from 8 per cent, after a rise of from 5 per cent in April 2014 the economy tipped into recession.

Abe took office in December 2012, vowing to overcome deflation and restart the moribund economy with “Obinomaks” revive the recipe, but has made only a little. Progress amid stubbornly weak domestic demand and export

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