Only a few smaller opposition parties in Japan are considering a reduction in the consumption tax rate ahead of the general election, with the main opposition and the ruling parties supporting the current rate of 10%.
“If the consumption tax was abolished, it would create a hole of over ¥20 trillion in the budget,” Constitutional Democratic Party of Japan chief Yoshihiko Noda said during a debate hosted by Niconico, a Japanese video-sharing service, on Sunday.
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