Suga says he sees no sales tax increase in Japan in next 10 years by Bloomberg


© Bloomberg. Yoshihide Suga, Chief Secretary of the Japanese Cabinet, speaks during a debate ahead of the Liberal Democratic Party (LDP) presidential election at the party’s headquarters in Tokyo, Japan on Wednesday, September 9, 2020. Suga said an economic recovery from the coronavirus pandemic is a higher priority than fiscal health.


(Bloomberg) – Yoshihide Suga, the top contender to become Japan’s next ruler, has said there is no need to raise sales tax again in the next decade, aligning himself with the Prime outgoing minister Shinzo Abe.

“Abe once said that the sales tax does not need to be increased for about 10 years. My thinking is the same, ”Suga said.

The remarks came after he commented on a television program Thursday that a further tax hike is inevitable in the future given the aging of Japan’s population.

© 2020 Bloomberg L.P.

Warning: Fusion Media reminds you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but rather by market makers, so prices may not be precise and may differ from the actual market price. , which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may suffer as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Be fully informed about the risks and costs involved in trading in the financial markets, it is one of the riskiest forms of GossipMantri possible.


Please enter your comment!
Please enter your name here