Japan’s tax revenues in Gross Domestic Product (GDP) have left room for the country to raise some tax rates while scaling down emergency pandemic support, the International Monetary Fund (IMF) said in its report on Thursday.
According to IMF, Japan’s policy response to the pandemic has been “exceptionally strong,” with the country’s GDP forecast to grow at a rate of 3.3 percent this year, up from 1.6 percent in 2021.
