The OECD has announced the publication of the latest Economic Survey of Japan on 11 January 2024. With respect to taxation, it is recommended that Japan gradually increase its consumption (value-added) tax, as the current rate is among the lowest in the OECD.
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Japan needs to rebuild fiscal space, address population ageing and reinvigorate productivity growth
11/01/2024 - Japan's economy has recovered from the COVID-19 pandemic but faces new challenges from weak global trade prospects…