G1 Summit, led by Globis Management School Dean Yoshito Hori, hosted the G1 Global Conference 2014, in which politicians, business executives and scholars held panel discussions in English, in Tokyo on Monday.
G1 Global Conferences have been held in Fukushima and other places in Japan annually since 2009, in which participants discuss a wide range of areas, including politics, economics, culture, technology and the environment.
In Monday's plenary session, panelist Yoshimasa Hayashi, a member of the Upper House, said he believes the Abe administration will make a cautious assessment on the economy before deciding whether to go ahead with raising the consumption tax hike in October next year to 10 percent from the current 8 percent.