Japan finance minister says no tax cuts for time being to counter pandemic

Japan finance minister says no tax cuts for time being to counter pandemic
  • Clock-gray 15:56
  • calendar-gray 12 May 2020

Japanese Finance Minister Taro Aso said on Tuesday he was not considering tax cuts, including a reduction in the sales tax, for the time being as a way of easing the economic pain from the coronavirus pandemic, APA reports citing Reuters.

“Japan’s fiscal condition is in a severe state and will likely turn more dire due to the pandemic,” Aso told parliament.

“Cutting tax isn’t something I have in mind for the time being,” Aso said, when asked by a lawmaker whether the government could cut tax as part of efforts to support an economy suffering from the fallout of the pandemic.

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