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the main opposition liberal democratic party and its ally new komeito supported the ruling democratic party in passing the bills. the prime minister had to agree to dissolve the lower house soon and call a general election in exchange. he technically didn t have to do that until next summer. the legislation will raise the consumption tax from 5% to 10% by 2015. lawmakers in the lower house passed the financial reform package in june. noda s dpj negotiated with the opposition on that vote as well. translator: japan s society is aging at a rate faster than any in the world. at a speed humankind has never experienced. social security costs are growing by nearly $13 billion a year. someone has to bear the burden to support that. let me promise you that all the taxpayers money collected by the tax hike will be paid back to the japanese people in the form of social security. all of it will be used for social security. nhk world s senior political commentator masayo nakaj ....
new komeito supported the ruling democratic party in passing the bills. the prime minister had to agree to dissolve the lower house soon and call a general election in exchange. he technically didn t have to do that until next summer. the legislation will raise the consumption tax from 5% to 10% by 2015. lawmakers in the lower house passed the financial reform package in june. noda s dpj negotiated with the opposition on that vote as well. translator: japan s society is aging at a rate faster than any in the world. at a speed humankind has never experienced. social security costs are growing by nearly $13 billion a year. someone has to bear the burden to support that. let me promise you that all the taxpayers money collected by the tax hike will be paid back to the japanese people in the form of social security. all of it will be used for social security. nhk world s senior political commentator came by the studio earlier to give us some insight on this story. prime ....