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Abe indicates tax increase may be postponed again

  • September 27, 2017
  • , Jiji Press , 12:44 a.m.
  • English Press

Tokyo, Sept. 26 (Jiji Press)–Japanese Prime Minister Shinzo Abe on Tuesday indicated that a consumption tax increase set for October 2019 will be postponed if the economy worsens significantly. 


Abe has already postponed the tax increase from 8 pct to 10 pct twice.


Speaking on television, Abe said he does not mean that the tax will be raised regardless of economic conditions.


“If a crisis similar in scale to the Lehman shock happens, some sort of decision will have to be made,” Abe said, referring to the global financial crisis of 2008.


At a press conference on Monday, Abe said he will ask for voters’ verdict on his plan to divert part of the additional revenue from the tax increase for education.

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