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Full Article Best photos of the year Follow Reuters Facebook Twitter RSS YouTube Read Mount Rainier body confirmed as suspected gunman 02 Jan 2012 New polls point to Romney landslide in N.Hampshire 02 Jan 2012 Santorum sends Iowa caucus rivals scrambling | 02 Jan 2012 Analysis: Asia's double-edged currency sword 02 Jan 2012 After endorsing Romney, S.C. governor feels heat 02 Jan 2012 Discussed 368 Obama to ask for debt limit hike: Treasury official 125 Iran navy chief says shutting off Gulf ”very easy” 78 Sears to close up to 120 Kmart, Sears Full-line stores Watched Twin probes begin moon mapping mission Sun, Jan 1 2012 Iran fires radar-beating missile during Gulf drill Sun, Jan 1 2012 Treasure trove uncovered in Australia Thu, Dec 29 2011 Japan PM eyes election if tax bills don't pass: report Tweet Share this Email Print Related News Voting ends in hard-fought Jamaica general election Thu, Dec 29 2011 Congress punts hard payroll tax work to 2012 Fri, Dec 23 2011 Speaker Boehner bows to pressure on tax deal Thu, Dec 22 2011 Obama presses Boehner to compromise on tax deal Wed, Dec 21 2011 Japan picks Lockheed F-35 fighter as allies stress tight ties Tue, Dec 20 2011 Analysis & Opinion In Pakistan, history may not even rhyme, let alone repeat White House’s #40dollars campaign is a hit Related Topics World » Japan » TOKYO | Mon Jan 2, 2012 11:37pm EST TOKYO (Reuters) - Japanese Prime Minister Yoshihiko Noda wants to call a snap general election if parliament does not approve bills needed for a sales tax increase, the Sankei newspaper reported Tuesday. Japan is saddled with public debt twice the size of its $5 trillion economy and Noda wants to double the sales tax to 10 percent by October 2015 to help fund its ballooning social welfare programs. The government plans to submit bills necessary for the tax increase to parliament by March, but passage is uncertain as combative opposition parties can use their control of the upper house to block legislation. Noda, a fiscal hawk, told a former prime minister last month that he wanted to call a general election if the bills do not pass, the conservative Sankei newspaper reported, citing sources close to Noda. An election for the powerful lower chamber must be held by late 2013. After much wrangling, the ruling party's tax panel agreed last week to rise the 5 percent sales tax, among the lowest in developed economies, to 8 percent in April 2014 and then to 10 percent in October 2015. But Noda faces resistance not only from the public and opposition parties but also from some members of parliament from his fractious Democratic Party, and nine junior lawmakers submitted requests last week to leave the party over the issue. Noda's support rating had dwindled to 36 percent in a poll released by the Nikkei business daily last month, a 30 point drop since he took office in September. [ID:nL3E7NQ008] In the survey, 53 percent said they disapproved of the sales tax increase. Many politicians are wary of tax increases given the drubbing ruling parties have suffered in past elections when the levy was a focal point. A proposal to raise the sales tax contributed to election losses for the Democrats in 2010. While Japan faces downgrading threats of its government debt by rating agencies, some economists say the situation is different from that of crisis-struck Europe because Japan can fund its debt domestically with its vast pool of household and corporate savings. [ (Reporting by Yoko Kubota; Editing by Robert Birsel) World Japan Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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