News Manager
Milforums News Bot
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. ...
More...
More...