Weak yen support for Japanese tax income.

The temperature in Kyoto hit 36 degrees Celsius today. Heatstroke alerts have been issued for 11 prefectures in Japan. Riding on a motorbike, I felt dizzy because of the heat.

On a positive note for the Japanese economy, despite being a country with a huge debt, Japan's tax income in 2023 increased by approximately one trillion yen. This result was due to the weak yen supporting the exporting industry. Corporate tax revenue increased by 1.2 trillion yen.

Income tax revenue declined but is projected to increase in 2024. The yen was trading at 160 yen today. It may be weak, but it provides substantial support for Japanese society.