At a New Year Party
“This year as well, I want to continue to place the utmost priority on the economy, encouraging even stronger growth in the economy of Japan. That is why we will raise consumption tax from 5% to 8% in April. This is important for responding to the growing cost of social security, and is being done to fulfill our responsibility to pass on to the next generation a social security system that Japan can be proud of before the rest of the world,” said Prime Minister Abe Shinzo at the New Year Party by Jiji Press.