Info via Reuters citing Sankei report on Tuesday:
- Japan may introduce measures to provide tax breaks for companies converting foreign profits into the yen and include it in the government’s annual mid-year policy blueprint compiled in the summer
- incentivising firms to return overseas assets to Japan and thus yen supportive
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A finance ministry official was not immediately available for comment on Wednesday
- Some government officials are sceptical, telling Reuters prior to the newspaper report that favourable tax treatment has already been in place
This article was written by Eamonn Sheridan at www.forexlive.com.
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