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Just a week after Prime Minister Shinzo Abe announced his intention to raise the 5 percent consumption tax to 8 percent next April, Finance Minister Taro Aso said he was upbeat about raising the levy further to 10 percent.

Aso told reporters Tuesday the government should decide by the end of December next year whether to raise the tax to 10 percent in October 2015, as required by a special tax reform law enacted last year.

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