TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Monday the government will prioritise tax reforms aimed at encouraging companies to raise wages to redistribute more wealth to households.
“It’s among options to create a virtous cycle (in the economy),” Kishida told parliament, when asked by an opposition lawmaker on the idea of raising Japan’s capital gains tax.
“But there are other things we should do first such as reforming the tax system to achieve wage hikes,” he said, adding the government will consider offering tax incentives to companies that boost wages.
(Reporting by Leika Kihara and Daniel Leussink; Editing by Kim Coghill)
