Japanese tax revenues to fall by JPY 1trln next year

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    Forecast according to Reuters sources 1 Dec

    • tax revenues f/cast to fall by as much as JPY 1 trln next year
    • tax revenues are set to undershoot govt f/casts of JPY 57.6trln for FY 2017 ending March
    • stronger yen trimming corp revenues

    USDJPY back below 114.00 after another GBPJPY-led rally took it to 114.17, GBPUSD posting gains to 1.2539 before also running into fresh supply.

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    This article appears in: Investing , Forex

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