TOKYO/NEW YORK -- Chief Cabinet Secretary Yoshihide Suga, who is leading the race to become Japan's next prime minister, suggested Thursday that the nation's consumption tax needs to be raised beyond the current 10% in the future, citing the rapidly aging population.
Japan after Abe
Suga says consumption tax hike inevitable, then backtracks
Abe's likely successor confirms 'no raise necessary for 10 years'
Chief Cabinet Secretary Yoshihide Suga speaks to reporters at the Liberal Democratic Party headquarters on Sept. 8. © Reuters
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