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Japan PM Abe pledges to go ahead with sales tax hike next year

Published 10/15/2018, 03:38 AM
Updated 10/15/2018, 03:40 AM
© Reuters. Japanese Prime Minister Shinzo Abe attends the joint news conference of the Japan-Mekong Summit Meeting at the Akasaka Palace State Guest House in Tokyo

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe on Monday pledged to go ahead with an increase in the national sales tax in October next year, according to a statement.

© Reuters. Japanese Prime Minister Shinzo Abe attends the joint news conference of the Japan-Mekong Summit Meeting at the Akasaka Palace State Guest House in Tokyo

Abe, who made the remarks at a cabinet meeting, also said he would consider tax breaks on purchases of durable goods and measures to help small businesses cope with the burden of the higher tax.

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