Expert: New PM Yoshihide Suga may raise consumption tax again

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  • CGTN published this video item, entitled “Expert: New PM Yoshihide Suga may raise consumption tax again” – below is their description.

    Prof. Benoit Hardy-Chartrand from Temple University in Japan said the Japanese economy has been badly battered by the coronavirus pandemic and new PM Yoshihide Suga may raise consumption tax again.

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    In This Story: Japan

    Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

    Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

    Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

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