Sun02252018

LAST_UPDATESat, 24 Feb 2018 9pm

Viral Videos Insinuating Public Disorder Are GE14 Simulation Exercise - Police

Viral Videos Insinuating Public Disorder Are GE14 Simulation Exercise - Police

KUALA LUMPUR: T...

BN Gov't Will Not Allow Attempts To Sabotage M'sia-China Ties: Najib

BN Gov't Will Not Allow Attempts To Sabotage M'sia-China Ties: Najib

KUALA LUMPUR: The ...

Quinoa Vs Rice In GE14: The Empire Strikes Back

Quinoa Vs Rice In GE14: The Empire Strikes Back

KUALA LUMPUR: No, ...

Muafakat Kedah Expo A Showcase Of Kedah Achievements And The Way Forward, MB Bashah

Muafakat Kedah Expo A Showcase Of Kedah Achievements And The Way Forward, MB Bashah

ALOR STAR: The ina...

Strong Ties With China Should Be Defended

Strong Ties With China Should Be Defended

KUALA LUMPUR: Mala...

Rescuers Say Cannot Keep Up With Air Strikes Battering Syria's Ghouta

Rescuers Say Cannot Keep Up With Air Strikes Battering Syria's Ghouta

BEIRUT: Rescuers in ...

Canadians Call For Return Of Relative Held In Ethiopia

Canadians Call For Return Of Relative Held In Ethiopia

A Canadian family ...

Myanmar Accused Of ‘Bulldozing' Proof Of Crimes Against Rohingya

Myanmar Accused Of ‘Bulldozing' Proof Of Crimes Against Rohingya

Myanmar's governme...

'Survive Or Die Together': More Than 400 Killed In Eastern Ghouta

'Survive Or Die Together': More Than 400 Killed In Eastern Ghouta

More than 400 peop...

South Sudan Officials May Be Guilty Of War Crimes: UN Report

South Sudan Officials May Be Guilty Of War Crimes: UN Report

More than 40 South...

FGV Not Affected By EU Ban On Palm Oil

FGV Not Affected By EU Ban On Palm Oil

KUALA LUMPUR -- Th...

Malaysian Companies Urged To Use LCS To Facilitate Trade With Indonesia

Malaysian Companies Urged To Use LCS To Facilitate Trade With Indonesia

JAKARTA -- Malaysi...

South Korea's SK Group Says In Talks With Petronas For Joint Ventures

South Korea's SK Group Says In Talks With Petronas For Joint Ventures

KUALA LUMPUR: South ...

Airbnb CEO Pledges To Take More Responsibility For Impact To Housing

Airbnb CEO Pledges To Take More Responsibility For Impact To Housing

SAN FRANCISCO: Home-...

India's Modi Meets Canada PM Trudeau Amid Controversy

India's Modi Meets Canada PM Trudeau Amid Controversy

Indian Prime Minis...

Girl, 12, Is 'Torn To Pieces And Eaten' By Pack Of Stray Dogs On Her Walk Home From School In Ukraine Before Her Parents Find Her Dismembered Body

Girl, 12, Is 'Torn To Pieces And Eaten' By Pack Of Stray Dogs On Her Walk Home From School In Ukraine Before Her Parents Find Her Dismembered Body

A 12-year-old girl...

[MD Music Review] Vance Joy Running Away From The Riptide, And Dives Into The Depths Of Love In His Latest Album

[MD Music Review] Vance Joy Running Away From The Riptide, And Dives Into The Depths Of Love In His Latest Album

He may have needed...

Dog That Stayed Faithfully At Owner's Grave Since 2007 Finally Dies Of Old Age

Dog That Stayed Faithfully At Owner's Grave Since 2007 Finally Dies Of Old Age

They say that dogs...

Mahathir, When He Was PM, Labeled The Corruption Index As Another Example Of Western Cultural Imperialism

Mahathir, When He Was PM, Labeled The Corruption Index As Another Example Of Western Cultural Imperialism

This happened more...

Oprah Responds To Trump’s Tweet Claiming Bias In ’60 Minutes’ Segment

Oprah Responds To Trump’s Tweet Claiming Bias In ’60 Minutes’ Segment

In a visit to “The...

Pic: ReutersPic: ReutersTOKYO: Japanese retail sales fell in April for the second consecutive month, bolstering the argument that a nationwide sales tax increase scheduled for April next year should be delayed.

Japanese retail sales fell 0.8 percent in April from a year earlier, less than a median market forecast for a 1.2 percent annual decline, government data showed on Monday. That marked the fastest decline since March 2015.

Prime Minister Shinzo Abe will delay the tax hike by two and a half years, sources told Reuters, due to worries the move could push down consumer spending even further and possibly hasten a return to deflation.

"Consumer spending is stagnating," said Hidenobu Tokuda, senior economist at Mizuho Research Institute.

"Wages are rising and people are worried about high food prices. I can understand why the government would want to delay this tax hike."

Compared to the previous month, retails sales were unchanged in April, a slowdown from March when they rose by 1.5 percent.

Abe told Finance Minister Taro Aso and the secretary general of his ruling Liberal Democratic Party, Sadakazu Tanigaki, on Saturday of his plan to propose delaying the tax hike for a second time, until October 2019, a source told Reuters.

The prime minister, who has promised to announce steps on Tuesday to spur economic growth and promote structural reform, is also expected to order an extra budget to fund stimulus measures, just two months into the fiscal year and on the heels of a supplementary budget to pay for recovery from recent earthquakes in southern Japan.

The plan to raise the sales tax to 10 percent from 8 percent has already been delayed once after an increase to 8 percent from 5 percent in April 2014 hit consumption and knocked the economy into recession.

Abe swept into office three years ago with bold plans to end decades of deflation and bring about sustainable growth. Unprecedented monetary policy in tandem with fiscal stimulus met with some initial success, but consumer spending has struggled due to weak gains in wages.

-Reuters