• Kyodo

  • SHARE

The chief of the Organisation for Economic Cooperation and Development suggested Wednesday that Japan raise the consumption tax from the current 8 percent to “at least 15 percent” at some point in the future.

Speaking after a meeting in Tokyo with Prime Minister Shinzo Abe and other senior government officials, OECD Secretary-General Angel Gurria cited Japan’s high level of public debt against gross domestic product and low sales tax rate compared with other developed countries.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW