TOKYO -- While the Japanese economy continues to struggle with lingering fallout from the COVID-19 pandemic, the country is raking in record tax revenues -- a phenomenon that has left many observers scratching their heads.

Japan's tax revenue for fiscal 2022 is expected to hit a record 70 trillion yen (around $500 billion), but many businesses are still struggling with the upheaval caused by the coronavirus pandemic.
Fiscal 2022 collection likely to hit record as 'K-shaped' recovery deepens