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Shinzo Abe
With Japan in recession, Abe calls elections in bid to delay tax hike
With Japan in recession, Abe calls elections in bid to delay tax hike

With his nation in an unexpected recession, Japanese Prime Minister Shinzo Abe on Tuesday called early parliamentary elections to seek public backing for a delay in a scheduled tax increase that could worsen economic conditions. "I’ve made up my mind that I should seek the mandate of the people without delay," Abe said, according to a translation by Japanese broadcaster NHK of his speech to the nation. If his governing coalition fails to win a majority in the elections, Abe said he would step down as prime minister. The announcement came a day after Japan reported that its economy, the third-largest in the world, surprisingly shrank at a 1.6% annual rate in the third...

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