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Gearoid Reidy

Japan Shouldn’t Raise Taxes on Its Retail Investors

Prime Minister Fumio Kishida has hemmed and hawed about a capital gains levy as a way to boost income. He ought to follow his South Korean counterpart and just get on with it.

Decisions and indecisions.

Decisions and indecisions.

Photographer: Kiyoshi Ota/Bloomberg

Japan is definitely considering thinking about possibly lifting its capital gains tax rate. Maybe. 

Prime Minister Fumio Kishida’s back-and-forth on this subject has dominated discussion since he was elected last year. The premier is broadly popular but has regularly attracted opprobrium for his singular response to any and all questions: “I’m considering it.”