Japan PM asks ruling bloc to weigh income tax cut to fight inflation

Prime Minister Fumio Kishida asked senior ruling coalition executives on Friday to consider reducing income tax as a temporary measure to relieve households from the adverse effects of inflation, in his latest push for the redistribution of economic growth.While details need to be worked out toward the year-end, party executives said after meeting with Kishida that a tax cut will likely be effective for a year and a separate payout program will help low-income earners who are already exempt from taxation and would be otherwise left out of the loop.A cut in income tax is expected to be a key…READ FULL ARTICLE