Japan Economics_ DPP tax cuts could be adopted in more moderate form

30 Oct 2024 21:36:38 ET │ 10 pages Japan Economics DPP tax cuts could be adopted in more moderate form CITI'S TAKE The banner policies of the DPP, which is positioned to cast deciding votes in the Diet after its gains in the Lower House election, are increasing the income tax exemption limit. Larger deductions reduce taxable income and hence taxes paid by workers. We think PM Ishiba may adopt these policies in the interest of economic package implementation but would expect more moderate tax cuts. At the sa ...