Abe delays tax and calls snap poll

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Published: Tuesday 18th November 2014 by The News Editor

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Japanese Prime Minister Shinzo Abe has told leaders of his party that he will put off a sales tax hike planned for next year until 2017, broadcaster NHK reported today.

He also plans to hold a general election in December to seek a renewed public mandate for his recession-fighting strategy.

The decisions Mr Abe announced to the Liberal Democratic Party meeting today were widely expected, especially after Japan reported yesterday that its economy had slumped back into recession following a sales tax hike in April which has quashed consumers’ appetites for spending.

Mr Abe was due to hold a news conference later today after meeting the leader of the Liberal Democrats’ coalition party, the New Komeito.

NHK said Mr Abe plans to dissolve parliament later this week. The election would be held in mid-December.

Published: Tuesday 18th November 2014 by The News Editor

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