New National Stadium (Tokyo) stadium in Beijing. The Japanese government reached an agreement in June 2015 with Taisei Corporation and Takenaka Corporation to complete the stadium for a total cost of around 250 billion yen. The final agreed plan maintained the steel arch design while reducing the permanent capacity of the stadium to 65,000 in track mode with an additional 15,000 simple temporary seats available, allowing for an 80,000 capacity for football and the 2019 Rugby World Cup. On July 17, 2015, Japanese Prime Minister Shinzo Abe announced that plans to build the new National Stadium would be scrapped and rebid on amid public
National debt of Japan Noda of the Democratic Party of Japan (DPJ) - passed a bill in June 2012 to double the national consumption tax to 10%. This increased the tax to 8% in April 2014. The originally scheduled 10% tax increase to be implemented in October 2015 has been delayed until at least October 2019. The goal of this increase was to halt the growth of the public debt by 2015, although reducing the debt would require further measures. The DPJ subsequently lost control of the Diet in late 2012, and Noda's successor Shinzo Abe, of the Liberal Democratic Party, implemented the "Abenomics"