Japan GDP Data Make-or-Break for Snap Election

November 14, 2014 8:08 AM

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The release Monday of Japan's quarterly economic data, normally a routine event, is getting far more attention than usual: Prime Minister Shinzo Abe is expected to make the dour GDP reading the basis for calling a snap election.

Abe wants a renewed mandate as he weighs delaying a sales tax increase that is crucial to getting Japan's battered government finances into better shape. It would be the second of two planned tax hikes. The first, in April, sent the world's third-largest economy into a tailspin.

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