Japan PM Shinzo Abe to announce 2019 consumption tax hike
(WorldNews Japan)

Prime Minister Shinzo Abe is set to announce later Monday that the government will raise the consumption tax to 10 percent from the current 8 percent as scheduled in October 2019. Abe is also expected to instruct relevant ministers to come up with measures to mitigate the negative impact of the tax hike, which he has delayed twice amid concerns that it would dampen consumer spending and hurt the economy. (File photo) The prime minister is expected to make the formal announcement...