Japan PM Abe: Wrong to increase sales tax next year if the economy is hit by Lehman-like crisis

Japanese Prime Minister Shinzo Abe on Friday reportedly said that it would wrong to hike sales tax next year if the economy is hit by a Lehman-like crisis. 

Key comments

• If we were to postpone sales tax hike, we would need to submit the bill to parliament and seek passage.
• Conditions for postponing next year's sales tax hike would include global economic crisis, huge natural disaster.