Prime Minister Shinzo Abe on Wednesday announced he is pushing back a second-stage hike in the consumption tax, from April next year to October of 2019.

During last week’s Group of Seven summit in Mie Prefecture, the leaders “agreed to employ all available policy means to avert another crisis,” Abe told a news conference at his office Wednesday evening, citing what he called growing uncertainties in the global economy.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

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.