Japan’s government opened on Monday a week-long hearing with economists, business leaders and consumer advocates that may help determine Prime Minister Shinzo Abe’s decision on how to proceed with a planned increase in sales tax.
During six days of hearings to Saturday, the government will gather the opinions of 60 people on Japan’s most significant fiscal reform in years – a change that is unpopular but equally seen as necessary to reduce public debt, which recently reached 1,000 trillion yen ($10 trillion).
Those taking part include academics, consumer and labor union heads and executives from businesses ranging from a small spring maker to auto giant Toyota Motor.
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