October 15, 2018 / 7:39 AM / a month ago

Japan PM Abe pledges to go ahead with sales tax hike next year

TOKYO, Oct 15 (Reuters) - Japanese Prime Minister Shinzo Abe on Monday pledged to go ahead with an increase in the national sales tax in October next year, according to a statement.

Abe, who made the remarks at a cabinet meeting, also said he would consider tax breaks on purchases of durable goods and measures to help small businesses cope with the burden of the higher tax. (Reporting by Stanley White; Editing by Chris Gallagher)

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