• Kyodo


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.

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