Tax & Spend
Ishiba Says Not Considering Sales Tax Hike During 3-Year Term
Shigeru Ishiba
Photographer: David Mareuil/Anadolu Agency/Bloomberg
This article is for subscribers only.
Japanese Prime Minister Shigeru Ishiba said he is not considering a sales tax hike during his three-year term as president of the nation’s ruling party.
Instead, he aims to fund social security programs without changing the current tax rate of 10%. Ishiba, who was elected LDP chief last month and became premier on Oct. 1, is looking to shore up support ahead of a general election on Oct. 27.