CORPORATE EARNINGS TO BRING DOWN TAX REVENUE IN JAPAN FOR FISCAL 2020

Highlights –

• Corporate earnings to bring down tax revenue in Japan for fiscal 2020.
• Tax revenue is expected to fall short by more than 8 trillion yen.
• Tax revenue in the current fiscal year through March may total to about 55 trillion yen.
• This will be the second consecutive year where the govt. will record reduced tax revenue.

Japan’s Finance Min....