Is A “Lehman-Style Shock” Coming: Abe Announces Sales Tax Delay
by Tyler Durden
ZeroHedge.com
05/13/2016
Over the past few months Abe insisted that he would not delay the consumption tax increase for a second time, explaining repeatedly that the increase would go ahead “unless a global economic contraction or a Lehman-style market shock jolted Japan’s economy.” Inquiring minds want to know if a Lehman-style economic contraction is about to hit Japan because moments ago Nikkei just reported what many had expected for months, to wit: “Japanese Prime Minister Shinzo Abe has decided to postpone a consumption tax increase set for next April, judging it to threaten efforts to pull the world’s third-largest economy out of deflation.”
The Rest…HERE
