While the decision will help the Liberal Democrats in an upcoming election for the upper house of parliament, it has raised questions over whether the "Abenomics" economic strategy has failed. Abe easily weathered a no-confidence motion introduced by opposition leaders Tuesday, thanks to the Liberal Democratic Party's strong majority in parliament. [...] opposition party leaders lashed out, accusing Abe of using concern over slowdowns in China and other emerging economies as a smoke screen for the failings of his own policies. The delay is raising questions over how to finance government spending commitments due to be paid for by tax increase, including payments of stipends to low-income pensioners, subsidies for elder care and scholarships, and pay increases for nursing and childcare workers.
Abe To Put Off Tax Hike To Mute Shocks To Faltering Economy
By ELAINE KURTENBACH and MARI YAMAGUCHI, Associated Press, Seattle Post-Intelligencer: Business
Tue, 05/31/2016 - 10:16pm
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