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Japanese Prime Minister Fumio Kishida said on the BS-TBS program on the 27th that the House of Representatives is expected to be dissolved and a general election will be held before the tax increase accompanying the increase in defense costs begins. He pointed out that the tax increase will start at an appropriate time from 2024 to 2027, saying that "the start time will be determined in the future, and there will be elections before that." However, Kishida did not mention the specific time of dissolution. The income from the tax increase will become part of the source of income for the increase in defense expenses. Regarding the start time, Kishida said "at an appropriate time after 2024" and plans to decide next year. There are three types of tax increases: corporate income tax, personal income tax and tobacco tax. It is estimated that the amount in 2027 will reach more than 1 trillion yen (about 52.2 billion yuan)
SSPOL
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