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Reports Japan is considering a 4% corporate tax surcharge – to go toward defence spending

Details are sparse – Japan media report. Kyodo.

This doesn’t sound like a vote winner.

Japanese firms looking at:

  • weak yen pushing up imported raw material and energy costs
  • higher PPI more generally
  • wage demands
  • weak consumer demand
  • likely rate hikes

And now higher tax?

This article was written by Eamonn Sheridan at www.forexlive.com.

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