• Tax and Reform: Dealing with Japan’s Runaway Debt

    Japan’s public debt stands at twice GDP. To deal with the financial burden of ballooning social welfare costs, the nation is implementing a two-tiered hike in the consumption tax, but without reform these measures will fall far short of addressing pressures brought on by an aging population. This series consider issues surrounding the new tax rate and looks at issues hindering the nation from getting its finances under control.