• Japan’s Liberal Democratic Party parliamentarian Kozo Yamamoto calls for delayed tax increase

An item in the Wall Street Journal overnight crossing as a Bloomberg headline

Ally of Japan’s Abe Calls for Delayed Tax Increase

(gated)

Liberal Democratic Party member Kozo Yamamoto in an interview with The Wall Street Journal on Monday:

  • Japan should delay a sales-tax increase planned for next year amid signs of flagging consumer confidence
  • “The economy is picking up, but the pickup has been a bit slow, so it’s best not to make any more headwinds”
  • “I’ve begun to think we should delay another tax increase.”