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Japan's PM contender Kishida says won't raise sales tax for a decade

CommoditiesSep 18, 2021 03:45AM ET
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© 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.

"We won't raise the sales tax rate for about a decade," Kishida said in a televised debate with three other candidates to lead the ruling Liberal Democratic Party (LDP).

While Japan must keep a pledge to pursue fiscal reform, it must prioritise cushioning the blow from the pandemic and create a cycle in which strong growth brings wealth to broader sectors of the economy, he said.

Japan's PM contender Kishida says won't raise sales tax for a decade
 

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Comments (2)
Millennial Metals
Millennial Metals Sep 18, 2021 4:35AM ET
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Inflation IS the sales tax
Edoardo Schieppati
Edoardo Schieppati Sep 18, 2021 3:57AM ET
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They should just default now and spare themselves the hussle of wasting more time and money same goes for Italy Greece etc… it’s like trying to keep a dead body alive thru adrenaline injections
 
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