International Monetary Fund Managing Director Kristalina Georgieva said on Monday a gradual, further increase in Japan's consumption tax rate could help the country pay for the rising cost of funding a rapidly ageing population.
"We think there is more space - not immediately but over time - for Japan to rely more on the consumption tax" in funding the cost of an ageing population, Georgieva told a news conference in Tokyo after the IMF's Article 4 policy consultation.
(Reporting by Leika Kihara; Editing by Tom Hogue)
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 589 JPY | -0.17% | -.--% | 140M | ||
| 18.02 USD | +0.25% | +5.54% | 23.36B | ||
