Japan reportedly eyes one-year income, resident tax cuts from June next year

<p>This just rebuffs other ongoing reports on the matter, with the government said to be considering an income tax cut of ¥40,000 and cash handouts of ¥70,000 to low-income and elderly households. All of this is part of measures by the government to reduce the burden of inflation, not to mention a weakening currency over the last few years. From yesterday:</p><ul><li><a href="https://www.forexlive.com/news/japan-weighs-one-time-267-per-person-tax-cut-report-20231024/" target="_blank" rel="follow">Japan weighs one-time $267 per person tax cut – report</a></li></ul>

This article was written by Justin Low at www.forexlive.com.