“Japan’s Prime Minister Shinzo Abe may ditch a long-planned hike in the national sales tax, a senior official said Sunday, according to Kyodo News. Abe had intended to help shore up Japan’s finances by raising the 5% national consumption tax to 10% in two steps, slated for April 2014 and October 2015. But Kyodo quoted Chief Cabinet Secretary Yoshihide Suga as saying in a television interview that Abe would reconsider the issue ‘after revised data are released in September on preliminary figures for April-June gross domestic product, and before a fall extraordinary Diet session.'”

http://www.marketwatch.com/story/japan-now-reconsidering-sales-tax-hike-report-2013-07-28

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