See no need to raise sales tax beyond 10% for decade By Reuters

© Reuters.  Japan PM Abe: See no need to raise sales tax beyond 10% for decade


© Reuters. Japan PM Abe: See no need to raise sales tax beyond 10% for decade

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Wednesday that he was not considering raising the sales tax beyond 10% under his administration, and that he saw no such need at least for a decade.

“I’m not thinking about raising it any more under the Abe administration,” he told a debate with other political party leaders ahead of the upper house elections set for later this month.

“I don’t think it will be necessary for 10 years,” he said, when asked about the possibility of a further hike beyond a scheduled rise to 10% from the current 8% in October.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link