Thursday, 26 May 2016

ALERT-G7 Summit: Japan’s Abe warns of another Lehman-strength crisis

The Nikkei reporting a presentation made by PM Abe at the G7 26 May 2016

Nikkei are reporting that Abe also warned the G7 of a crisis on the scale of Lehman Bros. At the meeting he has shown that commodity prices have fallen 55% since 2014, the same margin they fell during the global financial crisis.
Seems to me that Abe is increasingly trying to get the G7 to bail him out and to avoid raising the sales tax next year.

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