Wed, 25 Sep 2013 12:50:03 GMT
Japan will have to raise VAT to pay for debts
Japan's government will have to increase the VAT tax rate substantially by 2020 Olympic Games, as the country's external debt exceeds 200% of GDP, while the aging population will ask for more welfare costs. Analysts estimate that VAT surge to 20% will raise enough money to pay for bonds that Japan will issue before the Olympics to cover costs, while