Japanese Gov't to Hike Tobacco Tax to Afford More Defense Spending, Reports Say

Japanese Gov't to Hike Tobacco Tax to Afford More Defense Spending, Reports Say

MOSCOW (Sputnik) – Japan’s ruling Liberal Democratic Party (LDP) plans to propose raising multiple taxes, including on heat-not-burn tobacco products, to fund the country’s growing defense expenditure that will amount to 2% of GDP by fiscal year 2027, a Japanese broadcaster reported on Monday, citing senior officials.

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