• Kyodo

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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.

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