Stock Groups

Japan’s PM contender Kishida says won’t raise sales tax for a decade By Reuters


© Reuters. Japan’s former Minister for Foreign Affairs Fumio Kishida, one of the candidates for the presidential election of the ruling Liberal Democratic Party (LPD), speaks during a debate session held by Japan National Press club, in Tokyo, Japan, September 18, 2

TOKYO (Reuters) – Japan will not raise the sales tax for about a decade as imposing a higher levy on households at this time would cripple the pandemic-hit economy, Fumio Kishida, a key contender running in the ruling party leadership race, said on Saturday.

Kishida, along with three others running for the leadership of the Liberal Democratic Party(LDP), stated in a television debate that “we won’t increase the sales tax rate until about a decade.”

Japan should not abandon its fiscal reform pledge, but it must prioritize the relief of the effects of the pandemic, and establish a growth cycle that brings prosperity to wider sectors.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these 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. Trading the financial markets is an extremely risky investment form. Please make sure you are fully aware of all the costs and risks involved.