World

Japan Finmin Aso: Sino-US trade war won't trigger economic crisis

Published Updated

Aso said the Japanese government will lay the groundwork for a planned sales tax hike to be implemented barring a big economic shock like the collapse of Lehman Brothers about a decade ago.

Speaking to reporters after a cabinet meeting, Aso also said there's no need to consider additional stimulus measures at the moment to ease the pain of the tax hike planned for October.

Copyright Reuters, 2019