Japan PM Abe gambles on sales tax hike: Analysts
TOKYO (AFP) - Japanese premier Shinzo Abe's long-awaited decision this week on whether to hike sales taxes is a major political gamble that proved career-ending for his predecessors, analysts say.
Since sweeping December elections on a ticket to kickstart the world's third-largest economy, the prime minister launched an unprecedented policy blitz - dubbed Abenomics - which appears to be taking hold as the economy expands while the stock market roars.
Mr Abe underscored that early success with an upbeat speech to the New York Stock Exchange last week, calling for investors to get on board with his bid to regain Japan's one-time economic glory.
"Japan, as the third-largest economic powerhouse on the planet, will be back in full force again," he promised.