World Economy

Abe Told to Delay Tax Hike

Abe Told to Delay Tax HikeAbe Told to Delay Tax Hike

A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax decision. Reuters said. “I think it should be delayed” by a year and a half to April 2017, the prominent official told a small group of people in a recent conversation on condition of anonymity. He expressed concern that raising the national sales tax too soon after a damaging April hike could derail an economic recovery.