Fiscal Concerns Grow as Abe Again Postpones Consumption Tax Hike

Author: Nippon.com

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.

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