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Panel urges Tokyo to levy delayed sales tax hike to balance budget

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"The sales tax hike must be implemented. It is Japan's international commitment and indispensable to bring the primary budget into the black," said Sadayuki Sakakibara, council head and the chief of Keidanren, Japan's biggest business lobby.


JAPAN must not delay a sales tax hike scheduled for October 2019 as the revenue is needed to cover bulging social security costs and achieve the target of balancing the budget in four years, an advisory panel to Finance Minister Taro Aso said on Thursday.

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