Japan's budget to hit record, but with reduced new bond issuance: Report

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Japan's budget to hit record, but with reduced new bond issuance: Report - Business Standard

Quick Summary:

Tax revenue is projected to rise 8.8 trillion yen from this year's initial estimate to a record 78.

Tax revenue is projected to rise 8.8 trillion yen from this year's initial estimate to a record 78.4 trillion yen, thanks in part to a recovery in corporate profits, according to the draft.

Governor Kazuo Ueda signalled on Wednesday that the next rate hike is nearing, saying wage and price developments indicate the economy will move closer to sustainably achieving the central bank's 2 per cent inflation target next year.