Prime Minister Shinzo Abe said during a debate with opposition leaders on Wednesday that he will go ahead with the planned sales tax hike in October but vehemently denied there will be further increases while he remains in power.
Although rumors that Abe might postpone the tax hike have died down, with an Upper House election in less than three weeks, questions have been raised over whether there might be further tax hikes.
At the debate, where leaders of major political parties faced off in Tokyo, Abe gave a firm no to this scenario.
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