TOKYO -- Japanese incomes will rise faster than inflation in fiscal 2024, a new government forecast will show, a hopeful sign for consumers even if much of the anticipated boost comes from one-time tax cuts.
Per-capita income will increase by 3.8% next year on a combination of lower taxes and higher wages, under a Cabinet Office forecast to be announced Thursday at an economic and fiscal policy council meeting. Inflation is expected to be in the mid-2% range for fiscal 2024, which begins in April.
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