Japan Pledges Spending Cuts

Japan has pledged large spending cuts, but delayed a decision on raising a controversial sales tax intended to help reduce its massive public debt.

The fiscal plan passed Thursday by Japan’s Cabinet would cut $83 billion over two years, though there were few details about where the reductions would be made.

Meanwhile, the government said it will wait until September on whether to go ahead with a two-stage plan to double the sales tax by 2015.

Prime Minister Shinzo Abe supports the tax …

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