Recently the Yomiuri News reported the following:
In a program about Japanese economy on CNBC of CS broadcasting, Fumihiko Igarashi the financial deputy minister introduced his own trial calculation about the consumption tax rate, and said on the 11th that on a mid- and long-term basis, "Isn't it that about 17% would be needed?"
Although the government and the ruling parties had gotten into consensus to pull up to 10% by the middle of the 2010, Mr. Igarashi showed his recognition on the needs to further raise it "as one of the various necessary means to be taken, having considered the economic growth simultaneously."
Although the government and the ruling parties showed an intention to prepare for the increase of social security fee by raising it to 10%, Mr. Igarashi emphasized that 10% was impossible to achieve surplus in balancing the basic finance in the country and the rural areas.
Obviously the consumption tax rate in Japan would be increased gradually beyond 10%.