The government is ready to increase taxes to reduce the massive public debt, Finance Minister Naoto Kan indicated Monday, saying the only catch is to present it in a way that will convince voters.
"It is not just a case of Japan. But politicians, whether they are in the ruling or opposition camps, (face the) trauma (of losing) an election if they speak about a tax hike," Kan said at the Foreign Correspondents' Club of Japan.
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