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ECONOMY > Economic Policy

Japan to explain at G20 summit plan to raise consumption tax

Asahi wrote that concerning the Abe administration’s plan to raise the consumption tax rate to 10% in October, Chief Cabinet Secretary Suga told the press on Thursday that the government will take sufficient measures to prevent the tax hike from having an impact on the economy and explain this policy at the G20 summit and other international venues. The paper argued that the GOJ will make a de facto international commitment to the tax hike by explaining it at the G20 summit.

 

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