Japan’s Asakawa: Japan will proceed with scheduled sales tax hike in October void of Lehman-scale crisis

The Japanese Vice Minister of Finance for International Affairs Masatsugu Asakawa is on the wires again, now commenting on the planned sales tax hike due in October.

As PM Abe and FinMin Aso have said, Japan will proceed with a scheduled sales tax hike in October void of Lehman-scale crisis.

As shown in G20 communique's language on the global economy, there is no Lehman-scale crisis now.