Abe to clue Wall St. on ‘Abenomics’

JIJI

Prime Minister Shinzo Abe will give a speech on his economic policy, dubbed “Abenomics,” on Wall Street when he visits New York in late September for the U.N. General Assembly, a government source said Friday.

Abe is expected to focus on his administration’s growth strategy featuring tax cuts for corporate capital investment.

Any remarks about the planned consumption tax hike are expected to attract attention. Abe is expected to make a final decision in early October on whether to go ahead with raising the rate to 8 percent in April.

It will be Abe’s first speech on his economic policy outside Japan after one in London in June and another in Singapore in July. He apparently hopes to lure more investment to Japan.