With Debt Climbing, Japan Debates A Tax Hike

TOKYO — Japan has within its sights the obvious but precarious solution for its fiscal mess: a tax hike. With its debt rising, its population aging and its social security costs set to soar, an increase in the consumption tax rate allows Japan a chance — perhaps its only chance — to keep pace, perhaps to even cut its current deficit.

Topics:  tokyo    japan   international monetary fund   japanese   read   japan   debt   tax hike   chance   
BING NEWS:
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