Abe says economic conditions will figure into tax boost

07/21/2013 | Reuters

Fresh off his party's election victory, Japanese Prime Minister Shinzo Abe said a careful assessment of economic conditions will be in order before he decides whether to follow through on a planned 2014 sales tax increase. Abe said the decision, which he hopes to make by autumn, will be difficult. "The economy is just starting to recover, and now is the best chance for Japan to emerge from deflation. I don't want to lose this chance," he said.

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