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aws全区号(www.2km.me)_Kishida not mulling capital-gains tax changes now

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“There’s a lot that needs to be done before that, so I’m not thinking about touching that for now,” Kishida said of the capital gains tax on a Fuji TV news programme yesterday.

TOKYO: Japanese Prime Minister Fumio Kishida says he is not considering changes to the country’s capital-gains tax at present as he focuses on other aspects of his policy agenda.

“There’s a lot that needs to be done before that, so I’m not thinking about touching that for now,” Kishida said of the capital gains tax on a Fuji TV news programme yesterday.

Kishida, who was elected to lead Japan’s ruling party at the beginning of October, has pledged government spending to recover from the pandemic and to build a “new capitalism” in which the benefits of economic growth are spread more widely.

His previous comments about raising wages and support for a higher capital gains tax had sparked speculation that Kishida was the reason Japanese equities tumbled last week.

Kishida said on the programme he did not want to cause any misunderstanding and unnecessary concern by focusing just on the capital gains tax.

The 64-year-old former foreign minister has three weeks to galvanise support for his fledgling government before the Oct 31 national election that could set the tone of his term in office.

He was reported to have said earlier that he would do his utmost to lead Japan out of the Covid-19 crisis while protecting its territory and people in an increasingly tough security environment. Kishida took the top job in the world’s third-largest economy replacing Yoshihide Suga, who saw his support undermined by surging infections. ― Bloomberg


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