Economists question Japan's planned consumption tax hike

Abe 'will not hesitate to take fiscal action' in face of global downturn

20190722 abe presser

Japanese Prime Minister Shinzo Abe is confident that the higher consumption tax will not be a drag on the economy. (Photo by Toshiki Sasazu)

ERI SUGIURA, Nikkei staff writer

TOKYO -- Japan's ruling Liberal Democratic Party and its junior partner Komeito won a majority of seats in the country's upper house election on Sunday, paving the way for Prime Minister Shinzo Abe's planned consumption tax hike in October.

The tax increase was one of the key election issues.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.