Japan to announce record budget to revive economy

Source: Bloomberg
© scanpics/RS
Japan's government affirmed the 96.34 trillion yen budget for the next 12 months with the aim to revive the shrinking economy following an increase in the sales tax. At the same time, the government is going to decrease the corporate taxes by 3.29% during the next two years. Meanwhile, tax revenue for the budget year is expected to grow to 54.53 trillion yen.
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