Japan to swiftly consider steps on capital gains tax reform – Reuters

Dhwani Mehta FXStreet

Japan’s ruling Liberal Democratic Party (LDP) tax panel approved the FY2022/23 tax reform plan on Thursday, per Reuters.

After seeing the draft plan, Reuters reported that Japan is likely to proceed with technical consideration of policy mix to achieve carbon neutrality.

Japan will swiftly consider steps on capital gains tax from derivatives trading to avoid tax evasion, according to the draft plan.

Market reaction

USD/JPY is consolidating gains around 113.75, up 0.07% on the day, benefiting from firmer Treasury yields.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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