Japan Tax Revenue to Hit Fresh High in Current Fiscal Year: Rtrs

Japan will likely see tax revenues hit a fresh high for the fifth straight year in the current fiscal year ending in March 2025, Reuters reports, citing four unidentified government sources.

• Total nominal tax revenues will likely increase to around 73.4 trillion yen due to robust corporate profits and rising inflation
  • Was initially estimated at 69.6 trillion yen
• Will also issue new government debt exceeding 6 trillion yen

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Nurin Sofia in Singapore at nsofia@bloomberg.net

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Janine Phakdeetham

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