Japan FY2022 tax revenue likely hit record; may reach ¥70 tril

The yen's precipitous drop last year, especially against the U.S. dollar, also proved a tailwind for exporters because their overseas earnings were inflated when brought back home.

It's improving because of dollar that getting strong to yen, so nothing about real growth in Japan.

It's improving because of dollar that getting strong to yen, so nothing about real growth in Japan.

Japanese companies are making tons of money.  Accept the facts.

Good job BOJ!

That's great news, only it's basis is BOJ money printing ,Yen devaluation and inflation.

Far better if were based on solid fundamentals like household and new company formation, not collapsing demographics and BOJ money games.

Good job BOJ!"

Too bad vast majority of Japanese people disagree with that , ha.

70 trillion in tax revenues (without hiking tax rates, see that) is good news I guess, but the accompanying bad news is that the government wants to spend more than 105 trillion yen, so Japan will still run a massive deficit, even though tax revenues are hitting record highs…

Japan has a government spending problem, just like the US… but already 2.5 times as much debt, and no political intent to rein in the excessive spending.

A drop in the bucket, if tax revenues doubled, it still wouldn’t be nearly enough to pay the bills. And if revenues were to double, spending would quadruple.