Japan seen reaping record tax revenue in fiscal 2024, sources say
Diana Nunuț
TOKYO :Japan's tax revenues are likely to hit a record high for a fifth straight year in the current fiscal year ending in March 2025, four government sources told Reuters. The government will tap the additional revenues to fund part of a 13.9 trillion yen ($91.7 billion) spending package aimed at cushioning the blow to households from rising living costs. It will also issue new government debt exceeding 6 trillion yen, the sources said, declining to be identified because the information is not
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