Japanese politics: Postpone and be damned

Posted: June 3, 2016 in economy
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Doubts about the prime minister’s economic record are growing

ALL things considered, the month of May ended well for Shinzo Abe, Japan’s prime minister. He hosted his fellow leaders from the rich world’s club, the G7, at a summit at Ise in Mie prefecture last week. It went well. He welcomed them at a Shinto shrine founded 1,300 years ago. Just after the summit Barack Obama became the first sitting American president to visit Hiroshima, which an American atom bomb levelled on August 6th 1945. Japanese of all ages and backgrounds were moved by his speech, and by his embrace of a survivor. Mr Abe basked in the reflected political glow.
That gave the prime minister ample cover to announce, on June 1st, that he would put off raising Japan’s consumption tax from 8% to 10% from April of next …

via Economic Crisis http://ift.tt/285RYIQ


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