Japan has no plans to review sales tax rates: finance minister
Published Fri, Feb 4, 2022 · 12:45 AM
[TOKYO] Japanese is not considering reviewing future national sales tax rates, the finance minister said on Friday.
The current 10 per cent levy is a vital source of social security funding to support the country's ageing population, Shunichi Suzuki told reporters after a cabinet meeting.
Japan must tackle spending and revenue reform to win market trust in its fiscal position, which he said was severe. REUTERS
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