Private-sector council proposes use of forex surplus to cover fiscal measures

🇯🇵 The Japan Times (JP) —
Private-sector council proposes use of forex surplus to cover fiscal measures

AI Summary

A private-sector council in Japan has proposed using foreign-exchange surplus to fund fiscal measures. The proposals include cutting the consumption tax on food to counter inflation and strengthening the country’s defense capabilities.

Funds are needed to cut the consumption tax rate on food to fight inflation, and to strengthen the country's defense capabilities.

World Security Politics Markets Japan foreign-exchange surplus fiscal policy consumption tax food inflation defense spending

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