Prime Minister Fumio Kishida this week announced income tax cuts in hopes of improving his administration's fortunes, countering scorn directed his way by disaffected online commentators who nicknamed him "tax hike glasses" due to his apparently unfashionable eyewear and pledges to fund massive defense spending.
The government will approve an economic package of over 17 trillion yen ($113 billion) to help households hit by inflation with one-off tax cuts and chart a growth path for the economy beyond the cost-of-living crisis.