A survey has revealed that ratings of the new Japanese Government headed by Prime Minister, Naoto Kan have gone down considerably in the last few days. An election will be held next month in the country. Most of the people are concerned that a sales tax increase will have a significant impact on the country.
On the other hand, the Government has managed to maintain its popularity over the opposition. An election will he held next month on July 11 and the ruling party needs to win it, in order to maintain its lead in the upper house.
Prime Minister, Naoto Han has stressed that his main aim is to improve the fiscal condition of the Japanese economy. He is also pushing for a 5% sales tax increase but this has alarmed people, as well as, the economic experts.
A survey has confirmed that the support for the present Government has declined to 50% from 59%, a week ago. Most of this can be attributed to the opposition for a sales tax increase. In another survey, the Government support has reached 55% from the earlier figure of 59%.
Most of the people support the Government’s decision to increase sales tax and the report confirmed this. While 48% of the people support these measures, 44% are against any such hike.
The Government has still not decided when the tax hike will be carried out.
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