Author: CNBC Asia
In advance of the August 3 reshuffle of Japanese Prime Minister Shinzo Abe’s cabinet, Sasakawa USA Fellow for Trade, Economy, and Business Tobias Harris was interviewed on the significance of the reshuffle and on the impact of poor approval ratings on Abe’s economic plans.
Categories: In-Depth with Nippon.com
Prime Minister Abe Shinzō announced on June 1 that he would postpone raising the consumption tax from 8% to 10% until October 2019. The decision marks the second time for Abe to delay the hike, putting it a full four years later than planned. During the press conference announcing the postponement Abe pointed to risks to the world economy from such factors as a slowdown in emerging and developing economies, saying his decision was necessary to prevent a drop in domestic demand.
Categories: Daily Japan News
The Japanese government announced that, instead of implementing a binding cap, it would be flexible in curbing the increase in budget spending.