Prime Minister Shinzo Abe blames slowing emerging markets for weakness in economy, pledges to ‘rev up’ engine
Updated June 1, 2016 8:34 p.m. ET
TOKYO—When he took office, Prime Minister Shinzo Abe vowed to restore Japan’s economy to robust health and win the country’s long battle with deflation.
Wednesday’s decision by Mr. Abe to put off a planned tax increase is a stark signal that he hasn’t delivered yet, and it isn’t clear when he can. The move risks making it harder for Japan to lighten its enormous debt burden. But as Mr. Abe saw it, his country’s