Yoichi Miyazawa, the chairperson of the Liberal Democratic Party's Research Commission on the Tax System, hinted in a recent interview that the LDP would consider raising corporate and income taxes to fund an increase in defense spending.
"It is only natural to secure a permanent source of revenue," Miyazawa told The Yomiuri Shimbun on Friday.
The government aims to increase defense-related expenditures to 2% of gross domestic product amid Japan's worsening security environment.
