TOKYO (REUTERS) - Mr Fumio Kishida, a senior Japanese ruling party official seen as among candidates to become next prime minister, on Monday (Aug 31) voiced caution over the idea of cutting the sales tax rate to help the economy weather the hit from the coronavirus pandemic.. Read more at straitstimes.com.
TOKYO - Mr Fumio Kishida, a senior Japanese ruling party official seen as among candidates to become next prime minister, on Monday voiced caution over the idea of cutting the sales tax rate to help the economy weather the hit from the coronavirus pandemic.
"Cutting the tax rate would burden small and midsize companies with additional costs" such as adjusting their cashier systems to adapt to a new tax rate, he said. Mr Kishida said Japan must continue to take fiscal and monetary measures to support the economy, as demand won't bounce back strongly due to the expected prolonged battle with Covid-19.
Japan has raised the sales tax twice under Prime Minister Shinzo Abe's administration as part of efforts to rein in the country's huge debt which, at twice the size of its economy, is the biggest among major advanced economies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan industrial output rises for second month but retail sales fall againTOKYO (REUTERS) - Japan's factory output rose for a second straight month in July, signaling a gradual recovery from the blow delivered by the coronavirus pandemic.. Read more at straitstimes.com.
Read more »
Japan's Suga to join race to succeed PM AbeTOKYO (REUTERS) - Japan's Chief Cabinet Secretary Yoshihide Suga intends to run in the ruling party leadership race to succeed Prime Minister Shinzo Abe, Kyodo news agency reported on Sunday (Aug 30), citing an unnamed source.. Read more at straitstimes.com.
Read more »
Race for new Japan PM starts after shock resignationThe race to succeed Prime Minister Shinzo Abe kicked off informally on Saturday, with several contenders announcing their plans to stand, a day ...
Read more »
Japan's Suga to join race to succeed PM Abe: Kyodo[TOKYO] Japan's Chief Cabinet Secretary Yoshihide Suga will join the race to succeed his boss Shinzo Abe as prime minister, Kyodo news agency reported on Sunday, as the competition heats up to succeed Japan's longest-serving leader. Read more at The Business Times.
Read more »
Race for new Japan PM starts after shock resignationTOKYO (AFP) - The race to succeed Prime Minister Shinzo Abe kicked off informally on Saturday (Aug 29), with several contenders announcing their plans to stand, a day after Japan's longest-serving leader announced his resignation.. Read more at straitstimes.com.
Read more »
Japan's Suga to join race to succeed PM Abe: ReportJapan's Chief Cabinet Secretary Yoshihide Suga intends to run in the ruling party leadership race to succeed Prime Minister Shinzo Abe, Kyodo news ...
Read more »