"Prime Minister Shinzo Abe on Sunday said an upper house election will take place on July 21 and voiced the possibility of delaying a consumption tax hike scheduled for next year if the economy remains weak....He stressed that his basic policy was to raise the 5% consumption tax to 8% next year and then to 10% in 2015."
Source: Abe names July 21 as election date; hints at tax hike delay
Japan Today
JUN. 09, 2013