Japan FinMin Suzuki, Industry Minister Nishimura highlight tax hikes for defense spending

Anil Panchal FXStreet

Japan Finance Minister (FinMin) Shunichi Suzuki joined Trade and Economy Minister Yasutoshi Nishimura to highlight the tax hikes, amid chatters surrounding the plan to fund defense spending, during early Friday.

“(We) must be careful about tax hikes for defence buildup not to curb investment, wage hikes,” said Japan’s Nishimura.

On the same line, Japanese FinMin Suzuki stated that it is difficult to treat bond issuance as stable funding sources for defense spending.

Additional comments from Suzuki

Cannot say any specific details on tax hikes to fund defence spending.

Must stick to aim of achieving primary budget surplus goal.

Also read: USD/JPY attempts recovery from 136.60 despite risk-on mood, US CPI hogs limelight

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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