Controversial plans to raise Japan’s consumption tax may be edging closer to fruition, but some doubts persist, with one key lawmaker noting it could damage the economy.
“Economically speaking, maybe the consumption tax is not good for us,” Hideki Makihara, a member of Japan’s House of Representatives in charge of the ruling Liberal Democratic Party’s corporate taxation policy, told CNBC Wednesday on the side-lines of the World Economic Forum in Dalian, China.
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