Consumption tax hike "Negative to the economy, but also leads to a sense of security"

Consumption tax hike "Negative to the economy, but also leads to a sense of security."

Mr. Mimura, the chairman of the Japanese Chamber of Commerce and Industry, said at the press conference on the 30th that the consumption tax rate would definitely be negative for the economy. "And showed an understanding of the increase to cover the increasing social security costs.

In this, President Mimura said, “Consumption tax will definitely have a negative impact on the economy if we discuss it alone.”

On the other hand, “How to secure the future security of Japan in the absence of social security resources. There is also an aspect that leads to consumption and consumption, and stresses only the negative impact on the economy. Forgetting the role of the consumption tax on the Japanese economy as a whole is a half-hearted argument, ”he said. He showed his understanding to raise the consumption tax to cover the increasing social security costs.