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

TOKYO (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.

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