Japan’s Aso: Tax revenue for FY19 may be smaller than expected

Dhwani Mehta FXStreet

Japanese Finance Minister Taro Aso is back on the wires now, via Reuters, noting that tax revenue for FY19 may be smaller than expected and below JPY 62 tln.

Aso said that he is not sure on how to fill shortfall in tax revenues, when asked of possibility of issuing more deficit-covering bonds.

Earlier today, while speaking in the parliament, he said that the government wants to decide size of economic measures based on macro conditions, typhoon damage.

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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