30 May '11, 8am

#Japan Igarashi: oppose using sales tax for quake reconstruction

TOKYO (Reuters) - A rise in Japan's sales tax is something the government should consider to fund social welfare costs in the future, but not to fund reconstruction from the March 11 earthquake and tsunami, Vice Finance Minister Fumihiko Igarashi said on Monday. Igarashi said his personal view was that it would be undesirable to use sales tax revenues for quake reconstruction. He said the government would consider how to fund quake reconstruction costs after a government panel on the matter submits proposals in June. (Reporting by Tetsushi Kajimoto; Editing by Edwina Gibbs)

Full article: http://sg.news.yahoo.com/japan-igarashi-oppose-using-sale...

Tweets

#Japan PM moves toward tax rise: media - Straits Times

#Japan PM moves toward tax rise: media - Strait...

straitstimes.com 30 May '11, 7am

Japan's Prime Minister Naoto Kan speaks during a news conference at his official residence in Tokyo April 1, 2011. -- PHOT...

Japan to finance quake-hit car parts makers

channelnewsasia.com 30 May '11, 5am

TOKYO: Japan's government-owned bank is planning to set up a 50 billion yen ($617 million dollar) fund to support auto par...

Japan may need to spend up to $227 billion on quake reconstruction, its Economics Minister said

Japan may need to spend up to $227 billion on q...

straitstimes.com 22 May '11, 6am

Fishing boats damaged by the March 11 earthquake and tsunami are collected in Soma, Fukushima prefecture. Japan on Sunday ...