TOKYO -- Japan's national tax revenue in the fiscal year ended March is expected to fall below 60 trillion yen ($560 billion) for the first time in two years as a result of the economic slowdown brought on by the novel coronavirus outbreak, Nikkei learned Wednesday.
The latest cut in the forecast follows an earlier downward revision in December to 60.18 trillion yen, driven by U.S.-China trade tensions. That, in turn, was down from the original tax revenue estimate of 62.49 trillion yen.
