Japanese Prime Minister Shinzo Abe Tuesday told a meeting of his ruling Liberal Democratic Party that the House of Representatives, or the lower house in the Diet, will be dissolved, media reported.
The prime minister will hold a press conference later Tuesday and is expected to announce the decision during the press briefing, in which Abe may also delay the second round of sales tax hike to be carried out in October 2015, Xinhua reported citing the Kyodo news agency.
The planned consumption tax hike is expected to be postponed until April 2017 when there is no general election, according to reports.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
