The wrong tax?
Implications of Japan opposition leader quitting
Former party leader Katsuya Okada, often cited as a frontrunner, has in the past favoured a hike in the three percent sales tax to fund bulging social security costs, a move Ozawa had ruled out for now.
I’d like to report a factual error. Your article mentions a ”hike in the three percent sales tax to fund bulging social security costs.”
In fact Japan’s sales tax is currently five percent.
Yes. We corrected: GBU Editor
Japanese opposition leader Ichiro Ozawa attends a news conference at the headquarters of the Democratic Party of Japan in Tokyo, May 11, 2009. Japanese opposition leader Ozawa told his party on Monday he will resign to try to restore the party’s prospects in a looming election, after a fundraising scandal dampened its hopes for victory. REUTERS/Issei Kato