Japan’s Abe to put off sales tax hike again – Nikkei

By FXStreet Japanese Prime Minister Shinzo Abe has decided to postpone a consumption tax increase set for next April, according to an article by Nikkei over the weekend, as fears mounts that such hike may jeopardize the fight against inflation, which so far is yielding not the expected results.

Headlines

Prime Minister Abe has informed senior government and ruling coalition he intends to postpone the tax hike a second time

Abe is expected to announce the delay after further consideration, including talks with fellow Group of Seven leaders at a summit in Japan later in the month

Abe will hold a news conference June 1 following the close of the current legislative session. Government and ruling coalition officials see this as a possible opportunity to announce his decision.
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Source:: FX Street