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Justin Kuepper

Japan's Shinzo Abe Predicts Return to Revenues

By January 28, 2013

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The Japanese government is now predicting that tax revenues will exceed cash raised from bond sales for the first time in four years, according to a recent report on Bloomberg news. Forecasts call for 43.1 trillion yen in tax revenue to offset 42.85 trillion yen in sovereign debt sales, although total spending is expected to reach 92.6 trillion yen.

Mr. Shinzo is relying heavily on corporate profits to help boost tax receipts and ultimately lift the country's debt burden. Some analysts are skeptical as to whether these profits can be realized, particularly after a shutdown of the country's nuclear plants and weakness in the yen are poised to drive up energy costs over both the near-term and long-term.

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