Sunday, July 15, 2007 11:49 pm | 
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Abe on consumption tax: “We will do our utmost to not raise it”
Prime Minister Shinzo Abe appeared on an Asahi TV news show on Sunday, and once again avoided giving a clear answer on whether the government intends to raise the consumption tax or not, which is a very sensitive subject in Japan.
When asked about the consumption tax, Abe replied: “At this point, we still don’t have exact numbers on how large the revenue deficit is, so I can’t answer that question. But we will do our utmost to not raise it”, and re-stated that the governments stance is to cover the deficit through a natural increase in tax revenue, brought about by economical growth, the Yomiuri Shimbun reported.
The Liberal Democratic Party’s Nakagawa Seichoukaichou said on the same day in a NHK show, “All matters related to tax will be discussed in the fall. It’s not that we regard the consumption tax as something holy, but right now we are unable to discuss [a possible consumption tax raise]”.
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
