Japanese PM fails to win support for tax hike plan

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VietnamNet English - 30 month(s) ago 1 readings

Japanese Prime Minister Yoshihiko Noda failed to persuade the ruling Democratic Party heavyweight Ichiro Ozawa to support the tax raising policy in the meeting held Wednesday morning.



After their 90-minute talk, Ozawa told the press "I expressed all my opinions to Noda, increasing the consumption tax rate is inappropriate now. I believe it's the will of most Japanese people. "

Ozawa also said the possibility of agreeing Noda's tax hike plan is very small, but he would be willing to attend further meetings if requested.

The 69-year-old former DPJ leader Ichiro Ozawa and his Ozawa's party faction, the largest in the DPJ with over 100 lawmakers, fierce opposed Noda's tax hike plan.

Noda needs to seek support from inside DPJ by persuading Ozawa to drop his opposition over the government's tax raising plan.
Noda has repeatedly vowed to make the tax hike policy passed during the current Diet session, but it is carrying on slowly facing big obstacles.

The tax hike plan includes two steps, to 8 percent in April 2014 and to 10 percent in October 2015.

VietNamNet/Xinhuanet

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