HOME > NATION > Article

Text Size

small

medium

large


(Update 2) Suga Sees Need to Raise Consumption Tax

(Update 2) Suga Sees Need to Raise Consumption Tax

   Tokyo, Sept. 10 (Jiji Press)--Japanese Chief Cabinet Secretary Yoshihide Suga, the front-runner in the ruling Liberal Democratic Party's leadership race, said Thursday that the country needs to raise the 10 pct consumption tax.
   "We need to raise the consumption tax after thoroughly implementing administrative reforms," Suga said on television. "A population decrease can't be avoided," he said.
   He did not discuss when and how much the consumption tax should be raised. The tax was last raised in October last year, from 8 pct.
   Opposition lawmakers and some LDP members have been seeking to lower the tax as a stimulus measure as the Japanese economy has been struggling with the fallout of the coronavirus pandemic.
   Suga has opposed lowering the consumption tax, describing it as an important source of revenue to finance social security measures.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
FBI Warns of Russian Interference in US Polls with Misinformation Favoring Trump
ECONOMY
Japan to Step Up Aid for Local Govts Declaring to Become "Zero-Carbon Cities"
SPORTS
Soccer: Japan Stays 28th in FIFA Rankings, Highest in Asia
OTHER
Japan to Beef Up Testing Regime to Prepare for Twin Epidemic of Coronavirus, Flu

AFP-JIJI PRESS NEWS JOURNAL


Photos