Nov 18, 2014 3:21 AM
Japan's Abe expected to delay tax, call snap poll
The Associated Press
TOKYO (AP) Japanese broadcaster NHK says Prime Minister Shinzo Abe has told leaders of his party he will put off a sales tax hike planned for next year until 2017. He also plans to hold a general election in December to seek a renewed public mandate for his recession-fighting strategy.
The decisions Abe announced to the Liberal Democratic Party meeting Tuesday were widely expected, especially after Japan reported Monday that its economy had slumped back into recession following a sales tax hike in April that has quashed consumers' appetites for spending.
Abe was due to hold a news conference later Tuesday after meeting with the leader of the Liberal Democrat's coalition party, the New Komeito.
NHK said Abe plans to dissolve parliament later this week. The election would be held in mid-December.