TOKYO -- Newly elected Japanese Prime Minister Fumio Kishida is already backpedaling on one of his major policies, after markets reacted coolly to his proposal to raise taxes on investment income.
Politics
Japan's PM Kishida backpedals on raising tax on investment income
Kishida's policy ideas get cold stock market reception
Prime Minister Fumio Kishida had suggested at a news conference that raising the tax on capital gains and dividends was "one option" for carrying out his growth and redistribution policy.
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