Japanese Prime Minister Shinzo Abe attends a plenary session of the House of Representatives on June 1, the same day he announced he would delay a consumption tax hike to avert further shocks to Japan’s faltering economy. Photo: AFP

Abe’s tax hike delay is a sign of Japan’s deep political and economic malaise

Kevin Rafferty says the postponement of a long-planned increase in the consumption tax will only entrench the country’s indebtedness, and Abe’s mishandling is to blame

Topic |   Abenomics

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Japanese Prime Minister Shinzo Abe attends a plenary session of the House of Representatives on June 1, the same day he announced he would delay a consumption tax hike to avert further shocks to Japan’s faltering economy. Photo: AFP
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