"The DPJ is discussing plans to comprehensively reform the nation's social security and tax regimes that would result in a two-stage tax hike. The tax rate would first rise to 8 percent from 5 percent in April 2014, and then to 10 percent in October 2015 to secure funds to support swelling welfare costs for the rapidly graying population.
The government meanwhile is aiming to streamline welfare services while accelerating efforts to curb public spending by cutting salaries for bureaucrats and reducing the number of parliamentarians, moves widely expected to help Noda gain public support for the tax hike."
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