Japan’s Suzuki: Not Considering Specifics of Future Sales Tax

The government isn’t considering specifics regarding the future of consumption tax now, Japanese Finance Minister Shunichi Suzuki told reporters after being asked about possible sales tax hikes to secure funding for childcare policy.

• Will consider a wide range of financial sources for the childcare policy, Suzuki says
• The government plans to present a roadmap this year for doubling the policy budget in the future
• Suzuki will visit Singapore and Vietnam between Jan. 10-13 to meet multiple senior government officials, including Singapore’s Deputy Prime Minister Lawrence Wong and Vietnamese Finance Minister Ho Duc Phoc
  • Will discuss financial cooperation within the ASEAN ...