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Tax revenue for fiscal 2022 likely to reach a record 70 trillion yen | The Asahi Shimbun: Breaking News, Japan News and Analysis

Japan’s tax revenue for fiscal 2022 is expected to hit a record high for the third straight year with signs it could top 70 trillion yen ($500 billion) for the first time, government data shows.

Price hikes will push up average monthly spending for households with two or more persons — excluding rent — by ¥12,116, or 4%, year-on-year in fiscal 2023

Hideo Kumano, chief economist at Dai-ichi Life Research Institute Inc. Electricity bills are set to soar this month, and further price increases for food and drinks are expected in the coming months. This upward trend is expected to continue through the end of the year at least, further straining household…

Japan Companies Turn to Apple Waste to Make Eco-Friendly Leather

Japan Companies Turn to Apple Waste to Make Eco-Friendly Leather
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