Similar Stories to With Debt Climbing, Japan Debates A Tax Hike on Bing News

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:
  • Editorial: Tax-free annual income threshold requires responsible debate in Japan Diet
    Amid ongoing price hikes in Japan, it is necessary to ease tax burdens on people struggling with the high cost of living. On the other hand, if debt-r・・・ ...
    12/20/2024 - 7:14 pm | View Link
  • Popular travel destination to hike hot springs ‘bathing tax’ in effort to tackle overtourism: report
    Several cities in Japan are grappling with overtourism as local governments take different approaches to curbing crowds.Japan is known for its hot springs (onsens) and bathing facilities surrounded by ...
    12/11/2024 - 9:27 pm | View Link
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