Japan Tax Cut on Offshore Cash Seen as Option to Support Yen
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A tax cut on capital shifted back to Japan from overseas subsidiaries may help stem the yen’s rapid depreciation, some economists say.
Reducing the tax applied to repatriated funds would fuel an inflow of yen back into Japan on a scale that could rival the impact of currency intervention, economists from Dai-Ichi Life Research Institute and Mizuho Bank said.