According to reports, the Japanese government and ruling party are considering implementing plans to raise income taxes from 2027 to fund defense spending. The actual tax rate remains unchanged for the time being, as the additional tax for reconstruction work from the 2011 earthquake will be reduced by the same amount.

According to reports, the Japanese government and ruling party are considering implementing plans to raise income taxes from 2027 to fund defense spending. The actual tax rate remains unchanged for the time being, as the additional tax for reconstruction work from the 2011 earthquake will be reduced by the same amount.