April 4, 2019 / 1:00 AM / 5 months ago

PM Abe says Japan must proceed with sales tax hike

FILE PHOTO: Japan's Prime Minister Shinzo Abe delivers a press conference standing next to the calligraphy 'Reiwa' which was chosen as the new era name at the prime minister's office in Tokyo, Japan, April 1, 2019. Franck Robichon/Pool via Reuters

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Thursday the country must proceed with a scheduled sales tax hike in October to meet the cost of a rapidly ageing population.

“Japan must proceed with fiscal reform,” Abe told parliament. “On the other hand, the government is ready to deploy fiscal spending flexibly as needed.”

Reporting by Leika Kihara and Kaori Kaneko; editing by Richard Pullin

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