Japan's Finance Minister Suzuki warns that increasing bond yields could strain government finances. Suzuki aims for an income tax cut to eliminate deflation and vows to restore fiscal health with determination. He also emphasizes the importance of FX stability and plans to respond appropriately to excessive foreign exchange moves. Meanwhile, Japan begins a 40,000 yen tax cut program to assist inflation-affected households, initiated by Prime Minister Fumio Kishida's government.
News Navigator: What exactly is Japan's fixed-amount tax cut program that starts in June? https://t.co/OQKisEazeT
Japan begins ¥40,000 tax cut to help inflation-hit households: A 40,000-yen-per-person tax cut program began on Saturday in Japan to ease the pain of inflation felt by households as Prime Minister Fumio Kishida, hit by low approval… https://t.co/1W4RPqBqIm #japannews #japantoday
Japan begins 40,000 yen tax cut to help inflation-hit households https://t.co/3yZfrGyAKj
Kishida Govt’s Much-Touted Tax Cut to Start in June https://t.co/vLlh8lv8Bv
SUZUKI TO TAKE APPROPRIATE RESPONSE TO EXCESSIVE FOREIGN EXCHANGE MOVES
Japan finance minister Suzuki says FX stability is important https://t.co/QRBlJWAi6p
SUZUKI VOWS TO RESTORE FISCAL HEALTH WITH DETERMINATION
SUZUKI AIMS INCOME TAX CUT TO WIPE OUT DEFLATION.
SUZUKI WARNS THAT INCREASING BOND YIELDS COULD STRAIN GOVERNMENT FINANCES