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Shinzo Abe warns of Lehman-magnitude crisis: Nikkei

The Japanese PM offered potential justification to again delay an increase in the national sales tax

Reuters  |  Tokyo 

JapanesePrimeMinisterShinzoAbewarnedhisGroupofSeven(G7)counterpartsofacrisisonthescaleofLehmanBrothers,Nikkeireported,offeringapotentialjustificationtoagaindelayanincreaseinthenationalsalestax. AbepresenteddataataThursdaysessionoftheG7summitheishosting,showingthatcommoditiespriceshavefallen55percentsuince2014,thesamemargintheyfellduringtheglobalfinancialcrisis,thenewspapersaid,interpretingthisas"warningofthere-emergenceofaLehman-scalecrisis". AbehaspledgedtoraiseJapan'ssales ...

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First Published: Thu, May 26 2016. 13:10 IST
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