Japan gov’t considering income tax cut to ease blow from inflation – NHK

TOKYO -Japanese Prime Minister Fumio Kishida is considering a temporary income tax cut as part of a package of measures to cushion the economic blow from rising living costs, public broadcaster NHK reported on Thursday. Any such move could add to Japan's already ballooning public debt and run counter to the International Monetary Fund's calls for countries to scale back crisis-mode big fiscal spending, analysts say. Kishida will instruct ruling coalition officials as early as Friday to look into the idea of a temporary income tax cut, NHK reported, without citing sources. The prime minister had earlier announced plans to compile an economic stimulus package that would likely...

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