Abe to delay sales tax hike until October 2019

Japanese Prime Minister Shinzo Abe speaks at a news conference during the G-7 Ise-Shima summit in Shima, Japan, on May 27. © Reuters

TOKYO -- In a significant policy turnaround, Japanese Prime Minister Shinzo Abe intends to push back the planned consumption tax hike by two and a half years, to October 2019, government sources said.Abe conveyed his intention to senior officials of the Liberal Democratic Party-led ruling coalition ...