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Abe to decide on tax hike after G-7 summit

FLORENCE, Italy -- Japan will decide whether to go ahead with a planned consumption tax hike based on discussions with world leaders at the Group of Seven summit in late May, Prime Minister Shinzo Abe said Monday. 

"I want to discuss what kind of message we as the G-7 should send," he told reporters here when asked about the plan to raise the tax to 10% in April 2017. G-7 leaders are expected to exchange views on China's economic slowdown and tepid crude oil prices, among other issues.

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