Japan PM Abe: Wrong to increase sales tax next year if hit by big shock

Japan PM Abe speaking

Japan PM Abe is speaking on sales tax contingencies

• Wrong to persist in raising sales tax next year if economy hit by big shock on scale of Lehman crisis
• Conditions for postponing next year's sales tax hike would include global economic crisis, huge natural disaster
• if we were to postpone sales tax hike, we would need to submit bill to parliament and seek passage