Japanese authorities will not raise taxes to support defense – Kommersant
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Japanese Prime Minister Fumio Kishida and the Liberal Democratic Party (LDP) have decided not to include defense levies in the 2024 tax reform plan. This was reported by a Japanese newspaper Nikkei with reference to sources.
It is noted that the decision on the additional defense tax is planned to be made in 2024, and the tax itself should be introduced in 2026 or later. According to the newspaper, this decision was made by Japanese Prime Minister and Chairman of the Tax Reform Commission Yoichi Miyazawa. Japan’s defense budget totals about 43 trillion yen ($295 billion). A five-year delay in budget replenishment could prevent Japan from building up its military capabilities, Nikkei noted.
In November, Mr. Kishida said Japan was facing its greatest security threat since World War II. He also promised to provide funding to strengthen the country’s defense. In August, the United States, Japan and South Korea joined forces in an alliance aimed at expanding military-technical cooperation and finding answers to common security threats.
Read more in the Kommersant article. “Moscow and Pyongyang have been included in a triangle”.
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