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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
