SINGAPORE -- Japanese Prime Minister Shinzo Abe said Tuesday night that he will postpone next October's consumption tax hike from 8% to 10% and dissolve the lower house on Friday. He made the announcement during a press conference at the prime minister's office.
Nikkei Quick News spoke with Takahira Ogawa, director of sovereign ratings at U.S. ratings agency Standard & Poor's, about how Abe's decisions will impact the credit rating of Japanese government bonds.
