Finance Minister Kiichi Miyazawa expressed his appreciation Friday for the recent decision by New Komeito, a de facto ally of the ruling Liberal Democratic Party, to push for applying consumption tax revenues only for welfare purposes.

“It is clear that the consumption tax could play a role to improve welfare in the future,” he told a regular news conference, while remaining cautious over the decision. “But when it comes to what to do specifically, the idea alone does not justify action unless the people fully understand its meaning.

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