Japan’s tax revenues likely hit record in fiscal 2024, Nikkei reports TOKYO (Reuters) -Japan’s tax revenues likely hit a record for a fifth straight year in the fiscal year that ended in March due to robust corporate profits and rising inflation, the Nikkei newspaper reported on Tuesday. The increase is likely to heighten calls among lawmakers to ramp up spending or cut tax ahead of an upper house election on July 20. Tax revenues for fiscal 2024 will likely total 75.2 trillion yen ($522.51 billion), up from 72 trillion yen in the previous year, the Nikkei said without citing sources. The amount exceeds an estimate made last November by 1.8 trillion yen, which is not enough to pay for about 3.5 trillion yen needed to fund the ruling coalition’s proposal to deliver blanket cash payouts. ($1 = 143.9200 yen)

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BoJ confirms loss provision on bonds transactions was 100% for fiscal 2024 Bank of Japan confirms that levels of provision for possible losses on bonds transactions was 100% for fiscal 2024. This is re the Nikkei report very early today: * The Bank of Japan has boosted its provisions for JGB losses - braced for higher rates This article was written by Eamonn Sheridan at www.forexlive.com.

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Analysis: The top 10 chip companies slash their FY 2024 capex by $9.5B, citing weakened demand for smartphones and EVs. 💡🔻 #ChipIndustry #TechNews #Smartphones #EVs #Semiconductors #Capex #MarketTrends #TechInvesting #Fiscal2024