Japan PM-elect Abe to decide on sales tax hike after Q2 data
TOKYO (Reuters) - Japan's next Prime Minister Shinzo Abe said on Sunday that he will decide whether to go ahead with a planned April 2014 sales tax increase after examining April-June economic data to be released in August.
"I'll make the decision after looking at April-June figures, which come out in August, to see if the economy can escape from deflation," Abe told Fuji TV.
The former prime minister was speaking as his conservative Liberal Democratic Party (LDP) surged back to power in an election on Sunday just three years after a devastating defeat.
(Reporting by Tetsushi Kajimoto; Editing by Edmund Klamann)
- Lost passenger jet was diverted deliberately: Malaysian PM |
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Malaysia PM says lost plane's movements indicate a deliberate act
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data