TOKYO (Reuters) – Japan’s third-quarter economic slide was “astonishing,” a financial consultant to Prime Preacher Shinzo Abe said on Monday, calling for the government to think about steps to support the economy. The economic climate suddenly reduced at a 1.6 percent annualized pace, tossing Japan right into economic crisis and setting the stage for Abe to postpone an out of favor sales tax obligation walk and also call a snap election simply two years after he took workplace. “This is not a situation through which we should be debating an increase in the intake tax obligation,” stated Etsuro Honda, a College of Shizuoka professor as well as a popular outside designer of Abe’s reflationary policies. “Discussion should focus on how you can assist the Japanese economic climate,” Honda mentioned to Reuters. Abe was currently anticipated to reveal as quickly as Tuesday that he would certainly postpone the tax increase, set to take place following October, before the shock GDP information. (Reporting by Yoshifumi Takemoto; Composing by William Mallard; Modifying by Chang-Ran Kim)Politics & & GovernmentBudget, Tax obligation & & EconomyShinzo AbeJapan