Keidanren proposes setting up fiscal institution in parliament

Japan's biggest business lobby envisions the body to provide a basis for discussions on comprehensive tax, fiscal and social security reforms in the country.

Keidanren proposes setting up fiscal institution in parliament
Keidanren proposes setting up fiscal institution in parliament Photo: The Japan Times

Keidanren Vice Chair Hideki Kobori speaks at a news conference in Tokyo on Monday
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The Japan Business Federation, or Keidanren, has floated the idea of creating an independent fiscal institution to provide a basis for discussions on comprehensive tax, fiscal and social security reforms in the country.In its proposal concerning such reforms, Japan’s biggest business lobby underscored the importance of discussions in parliament based on objective, highly credible future projections.To establish formulas for such projections, setting up a permanent independent fiscal institution in parliament is one option, Keidanren said on Monday.

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Source: This article was originally published by The Japan Times

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