Japan sales tax hike debate to continue on Thursday

TOKYO | Wed Dec 28, 2011 4:37am EST

TOKYO Dec 28 (Reuters) - Japanese ruling party lawmakers will continue to debate a possible increase in the 5 percent sales tax on Thursday but it is unclear if a conclusion can be reached, a senior party official said.

Hirohisa Fujii, the head of the Democratic Party's tax panel, also told reporters he was not sure if Prime Minister Yoshihiko Noda would attend the meeting.

A marathon session to discuss the sales tax ended in a stalemate on Wednesday as lawmakers failed to agree on the timing of sales tax hikes need to pay for welfare spending.

Source: http://c.moreover.com/click/here.pl?r5671220735&f=378

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