Japan Considers Delaying Tax Hikes Amid Defense Spending Increases

Reported about 9 hours ago

Japan is contemplating another postponement of tax increases necessary to finance its historic military expansion, which is projected to cost ¥43 trillion ($280 billion) over five years. A senior official indicated that while pushing for a decision this year, they will continue to increase defense capabilities irrespective of tax changes. Pressure mounts to finalize plans amidst political dynamics and public support for defense spending, though opposition exists concerning tax hikes.

Source: YAHOO

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