Japan Chamber of Commerce and Industry President Mimura "Appropriate to be able to pass on prices properly" September 30, 19:19
Concerning the increase in the consumption tax rate Mr. Mimura, President of the Japan Chamber of Commerce and Industry, called on the government to respond appropriately to the sale price of small and medium-sized enterprises by raising the price of raw materials.
President Mimura said at a press conference on the 30th that "consecutive taxes always have a problem of passing on to prices. If SMEs cannot pass on fluctuations in costs appropriately to prices, the whole deal will be distorted." We asked the government to prevent SMEs from being at a disadvantage because they couldn't pass on the cost of raw materials due to the increased tax rate to product prices.
President Mimura also expressed concern that the reduced tax rate to be introduced this time was “very complex and burdensome for SMEs”. For this reason, the Chamber of Commerce and Industry will continue to support SMEs even after the tax increase by responding to consultations from SMEs at various local offices or by visiting companies individually to provide guidance on dealing with cashless payments. It is.