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Abe: Will raise sales tax barring major shock

CCTV.com

03-29-2016 16:50 BJT

Japanese Prime Minister Shinzo Abe says he will proceed with a scheduled sales tax hike next year, unless the economy is hit by a massive shock such as the massive 2011 earthquake. 

Abe also told parliament on Tuesday that he wasn't  thinking at all about dissolving the lower house and calling a snap election. A weekend survey by Kyodo News showed that nearly 65 percent of those surveyed were against a sales tax increase, up from 50 percent in December.

Meanwhile, more than 80 percent said they didn't feel any economic improvements because of Abenomics. 

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