Japan’s Corporate Tax Take Surpasses Bubble Economy Era

Japan’s companies paid a record amount in taxes last fiscal year, finally exceeding the amount they paid when the economy was in the last throes of the 1989 bubble economy.

National Tax Agency data Monday showed that companies paid 18.68 trillion yen ($120 billion) in taxes for the fiscal year that ended March 31, 2025.

That was up 13.9% from a year earlier and above the 17.75 trillion yen figure for the 1990 fiscal year.

• Japan has only recently begun to erase the legacy of the bubble economy. In the late 1980s, real estate and stocks ...