Kishida Proposes Tax Cuts and Investment Incentives Amid Criticism, Plans Economic Stimulus Package
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Prime Minister Kishida plans income tax cuts for households hit by inflation and tax breaks for companies to boost investment.
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Kishida aims to shift Japan from an economy of low wages and cost-cutting to one with sustainable wage hikes and active investment.
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The tax proposals have drawn criticism from opposition leaders as a vote-buying tactic before recent by-elections.
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Kishida says he will introduce a new economic stimulus package with the tax cuts by end of month.
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Kishida called for China to lift its ban on Japanese seafood imports imposed after treated radioactive wastewater was released from Fukushima plant.