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Finance

Japan finalizes income tax reform plan, calls for more changes

Ruling parties acknowledge need to adapt to diverse work styles

Japan's ruling coalition has hammered out its proposal for reform of income taxes in fiscal 2018.

TOKYO -- A fiscal 2018 tax plan endorsed by Japan's ruling parties settles details of a shift in income tax burdens while recognizing that further adjustments will have to come down the road as the labor market charges.

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