Japan's Abe tells party to delay tax hike, call snap poll: TV




 
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November 18th, 2014  
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Topic: Japan's Abe tells party to delay tax hike, call snap poll: TV


By Leika Kihara and Linda Sieg TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe told ruling party leaders on Tuesday that he will delay an unpopular sales tax rise and call a snap election, a public TV broadcaster reported, a day after data showed the economy had slipped back into recession. The world's third-biggest economy unexpectedly shrank for a second consecutive quarter, data showed on Monday, a sign the pain from an initial rise in the sales tax to 8 percent from 5 percent in April was lasting longer than expected. ...




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