Reuters logo
Japan banking lobby head: govt should raise sales tax as planned
September 18, 2014 / 6:43 AM / 3 years ago

Japan banking lobby head: govt should raise sales tax as planned

TOKYO, Sept 18 (Reuters) - The head of Japan’s banking industry body said on Thursday that the government should carry out a hike in the sales tax as planned unless the economy shows a big decline.

Nobuyuki Hirano, chairman of the Japanese Bankers Association, made the comment at a regular news conference.

Prime Minister Shinzo Abe must decide by the end of the year whether to proceed with a previously approved plan to raise the sales tax to 10 percent from 8 percent in 2015, after a hike from 5 percent in April hit the economy hard. He has said the decision would hinge on the strength of economic indicators for the current quarter. (Reporting by Taiga Uranaka; Editing by Chris Gallagher)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below