Tax increase “No need for additional economic measures”, Deputy Prime Minister Aso October 4, 12:38
Regarding the economic situation after raising the consumption tax rate, Deputy Prime Minister and Finance Minister Aso said that corporate profits are strong at the moment, and there is no need to take additional economic measures immediately.
Aso Deputy Prime Minister and Minister of Finance told reporters after raising the cabinet that the consumption tax rate was raised to 10%. I have heard that the industry has been well aware of the application of the reduced tax rate, and I think it will be a calm story after a week. ”And expressed awareness that there was no major confusion.
On top of that, Vice Prime Minister Aso said that the need for additional economic measures, “Even if you look at corporate profits, personal income and savings, both numbers are strong. I don't have the consciousness of having to do it, but I have to watch carefully the trade friction between the United States and China, but I don't think we are at the stage where we need to take measures right now. '' Said.