• Kyodo


The government should postpone the planned sales tax hike next April by a year to ensure Japan’s exit from deflation, a special adviser to Prime Minister Shinzo Abe said Tuesday.

Koichi Hamada, a professor emeritus of economics at Yale University and the mastermind of the prime minister’s “Abenomics” policies, said the consumption tax increase could weaken the positive effects of the policies.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.