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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