MEDIA: "Japan postpones tax increase to increase defense spending"

MEDIA: "Japan postpones tax increase to increase defense spending"
The Japanese government has decided not to raise taxes for now to raise additional funds for defense spending, which will almost double to 2% of GDP in the next five years.

Qazet.az reports that "Kyodo" agency published information about this with reference to sources in the government.

It was reported that priority will be given to reducing non-defense expenses.

According to reports, some MPs from the ruling Liberal Democratic Party have opposed the idea of increasing the tax burden because it would directly hit consumers and businesses.

The Japanese government will continue to explore the possibility of raising additional funds for redistribution to defense needs.