Abe won't waver on sales tax - Economic Adviser
|According to Motoshige Itoh, a member of the Japanese government's economic and fiscal policy council, PM Abe would not waiver from his current stance to riase the sales tax if he calls a snap election.
Japanese economy is witnessing longest expansion in more than a decade and that has made it easier for Abe to stick with the tax increase.
"He won't cancel the tax hike as part of this campaign platform", said Itoh. Speculation is gathering pace that Abe is planning to dissolve parliament and hold an election in late October.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.