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flag Japan's tax revenues reach a record 75.2 trillion yen, boosting calls for increased spending or tax cuts.

flag Japan's tax revenues likely hit a record high of 75.2 trillion yen ($522.5 billion) for fiscal 2024, up from 72 trillion yen the previous year, due to strong corporate profits and rising inflation. flag This figure surpasses a Finance Ministry estimate by 1.8 trillion yen and is expected to lead lawmakers to call for more spending or tax cuts ahead of an upper house election on July 20. flag The Ministry of Finance will announce the official figures later this week.

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