Japan LDP’s Motegi Says Direct Tax Cuts Possible: Kyodo (Oct. 3)

Japan’s government may opt to return some of its increased tax revenues to the people via direct tax cuts, the ruling party’s second-in-command told reporters, according to Kyodo News.

• LDP Secretary General Toshimitsu Motegi was speaking in Tokyo on Tuesday about an economic package the government is set to draw up by the end of the month
• Motegi said it was a matter of course to make the maximum use of increased revenues and return benefits to the people
• NOTE: Japan’s wages have failed to keep pace with rising prices, prompting households to cut back on spending
• READ: Soaring Prices ...