Info via Reuters citing Sankei report on Tuesday:

  • Japan may introduce measures to provide tax breaks for companies converting foreign profits into the yen and include it in the government's annual mid-year policy blueprint compiled in the summer
  • incentivising firms to return overseas assets to Japan and thus yen supportive
  • A finance ministry official was not immediately available for comment on Wednesday
  • Some government officials are sceptical, telling Reuters prior to the newspaper report that favourable tax treatment has already been in place
usd yen repatriation jpy 01 May 2024