Japan to postpone tax hike for funding higher defense spending
TOKYO, Dec. 4 (Xinhua) -- Japan plans to postpone a tax rise intended to fund a planned increase in the nation's defense spending, local media reported Sunday.
After Prime Minister Fumio Kishida called for raising defense spending to 2 percent of the country's gross domestic product in fiscal 2027 from the current 1 percent, the government will further deliberate on measures to secure a stable source of revenue, according to Kyodo News.