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Japan PM Abe warns of Lehman-magnitude crisis - Nikkei

Published 2016-05-26, 03:12 a/m
© Reuters. Japan PM Abe warns of Lehman-magnitude crisis - Nikkei
JP225
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TOKYO, May 26 (Reuters) - Japanese Prime Minister Shinzo Abe
warned his Group of Seven counterparts of a crisis on the scale
of Lehman Brothers, Nikkei reported, offering a potential
justification to again delay an increase in the national sales
tax.
Abe presented data at a Thursday session of the G7 summit he
is hosting, showing that commodities prices have fallen 55
percent suince 2014, the same margin they fell during the global
financial crisis, the newspaper said, interpreting this as
"warning of the re-emergence of a Lehman-scale crisis".
Abe has pledged to raise Japan's sales tax to 10 percent
from 8 percent in April next year as planned, unless there is a
financial crisis on the scale of the Lehman collapse or a major
natural disaster.

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