Japan's ruling party presented an offer to double the tax on sales by 2015, to reduce the size of public debt, with giving six months for the decision makers to find the best way for the implementation of this resolution before its fully execution.

Wherethe Japanese Prime MinisterMr. NodaSubmitted proposed thisplanto raise thesales taxfrom 5% to8%by April2014, and up to10%by October2015, this is in the caseofthe approval on this proposal.