Japan’s Abe: No change to sales tax hike proposal unless Lehman-scale shock occurs

Dhwani Mehta FXStreet

Reuters reports the latest comments from the Japanese Prime Minister Shinzo Abe, as he speaks about the proposed October sales tax hike and global growth worries.

Key Points:

“Will do all to manage economy amid overseas uncertainty.”

“No change to sales tax hike proposal unless Lehman-scale shock occurs.”

“Sales tax hike is needed to maintain nation's credibility.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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