Gearoid Reidy, Columnist

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.

June 26, 2022 at 5:00 PM EDT

By Gearoid Reidy

Gearoid Reidy is a Bloomberg Opinion columnist covering Japan and the Koreas. He previously led the breaking news team in North Asia, and was the Tokyo deputy bureau chief.

Decisions and indecisions.
Photographer: Kiyoshi Ota/Bloomberg

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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.”

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