Japan’s tax revenues reached another record in the fiscal year that ended in March, a positive outcome partly driven by the weak yen and sticky inflation.
Tax income for the latest fiscal year rose to ¥72.1 trillion ($446 billion) from ¥71.1 trillion in the previous year, the Finance Ministry reported Wednesday.
Income tax revenue slipped to ¥22.1 trillion from ¥22.5 trillion in fiscal year 2022, while corporate tax revenue grew to ¥15.9 trillion from ¥14.9 trillion.