Japan’s Opposition DPP Calls for Sales Tax Cut to 5%

Japan’s opposition Democratic Party for the People calls for the country’s 10% sales tax to be halved to 5% in their manifesto for the summer upper house election.

• Sales tax should be cut to 5% until real wage gains stabilize at 2%: DPP
• Seeks nominal GDP of ¥1 quadrillion by 2035, against ruling party’s goal of getting there by 2040

To contact the reporters on this story:
Akemi Terukina in Tokyo at aterukina@bloomberg.net;
Mari Kiyohara in Tokyo at mkiyohara2@bloomberg.net

To contact the editors responsible for this story:
Paul Jackson at pjackson53@bloomberg.net

Yuko Takeo

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