Japanese Prime Minister Shinzo Abe said on Tuesday he will proceed with a scheduled sales tax hike next year unless the economy is hit by a shock on the scale of the collapse of Lehman Brothers in 2008 or the massive earthquake that struck in 2011.
He also told parliament that he was “not thinking at all” about dissolving the lower house and calling a snap election.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Craig Erlam
Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Latest posts by Craig Erlam (see all)
- OANDA Market Insights podcast (episode 26) - 08/03/2018
- Another strong US jobs report expected today - 08/03/2018
- GBP Dives on Dovish BoE Hike - 08/02/2018