Japan's Kishida to push for temporary income tax cut

Tax relief to be financed partly by surplus in tax revenue

Japanese Prime Minister Fumio Kishida is considering a temporary income tax cut to provide relief to consumers amid rising prices. (Photo by Uichiro Kasai)

HIROYUKI AKIYAMA, Nikkei staff writer

October 20, 2023 03:27 JST

TOKYO -- Japanese Prime Minister Fumio Kishida plans to press lawmakers to cut the income tax by using higher-than-expected tax revenue as he seeks to help consumers struggling with high prices.

"We will work quickly to come up with ways to return" surplus revenues to taxpayers, Kishida told reporters Thursday.