• Kyodo News

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The Liberal Democratic Party’s committee on public pension reform will study the possibility of raising the 5 percent consumption tax as a means to finance a proposed increase in the government’s contribution to the national pension program, the panel’s head said Friday.

Raising the consumption tax may be the only way to secure a stable source of revenue for the government to assume a heavier burden of the pension program, Yuji Tsushima said.

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