A tax cut of ¥40,000 per person, much touted by the government of Prime Minister Fumio Kishida, will be implemented from June, as its economic impact, including on private consumption, remains to be seen.
Businesses and local governments are in the final stages of preparing for the tax cut, with officials involved in related work complaining about the administrative burden.
Kishida has stressed that the tax cut is designed to ensure income growth that outpaces inflation.
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