Japan’s Govt reportedly considering corporate tax cut – Yomiuri

Dhwani Mehta FXStreet

The Yomiuri Shimbun, a Japanese national newspaper, cited on Friday, the government is a corporate tax cut for small and medium enterprises, Bloomberg reports.

The likely tax cut is under consideration in order to boost Mergers & Acquisitions in the country.

Market reaction

USD/JPY remains in a familiar range around 105.50, unable to benefit from an uptick in the Asian equities amid a broad-based US dollar pullback. The focus shifts to the US Durable Goods data after the downbeat Jobless Claims and stronger New Home Sales releases.

USD/JPY bulls testing critical resistance to no avail

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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