1. Japan’s population is aging, birth rate stays low.
2. The public spending has been more than double the tax revenue four years in a row.
3. A huge number of baby boomers will be soon retiring.
4. Japan’s national debt to GDP is over 200 percent, the worst in the industrialized world.
5. We’ve had the universal health care and pension system which covers everybody for the past 50 years.
6. Social security expenses accounts for more than half of general spending.
The government decided to double the consumption tax in stages to 10 percent.
1. Japan’s population is aging, birth rate stays low.
2. The public spending has been more than double the tax revenue four years in a row.
3. A huge number of baby boomers will be soon retiring.
4. Japan’s national debt to GDP is over 200 percent, the worst in the industrialized world.
5. We’ve had the universal health care and pension system which covers everybody for the past 50 years.
6. Social security expenses accounts for more than half of general spending.
The government decided to double the consumption tax in stages to 10 percent.