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Consumption tax a way to fund Japan plan to up birthrate: businesses

Keidanren chief says companies must hike wages to offset inflation until 2030

Masakazu Tokura, leader of Japan's top business lobby Keidanren, says companies must raise wages to offset inflation until around 2030. (Photo by Yutaka Miyaguchi)

TOKYO -- Japan's top business lobby Keidanren wants the government to consider raising consumption taxes to fund social security measures, its leader told Nikkei on Monday.

Masakazu Tokura, chairman of Keidanren (Japan Business Federation), said, "Consumption tax should naturally be a subject of discussion" around funding the government's measures to reverse Japan's declining birthrate. Japan's consumption tax is 10%.

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