Japan’s tax revenues are set to hit a record high for the fifth straight year.
Projections estimate revenue rising from JYP 69.6 trillion to around JPY 73.4 trillion for the current fiscal year ending in March 2025.
The increase, driven by strong corporate profits and inflation, will help fund part of a JPY 13.9 trillion (USD 91.7 billion) spending package aimed at supporting households facing higher living costs.
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