OECD's Gurria: Japan has room to raise sales tax to 15%
[TOKYO] Japan has room to raise the national sales tax gradually to 15 per cent to pay for rising welfare spending, the head of the Organisation for Economic Co-operation and Development said on Monday.
OECD Secretary-General Angel Gurria, speaking at a press conference, also said Japan should put more emphasis on structural reforms.
Prime Minister Shinzo Abe is scheduled to raise the sales tax to 10 per cent from 8 per cent next year, but some of his closest advisers have called for the plan to be delayed.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing