Odaily News Japan will move forward with a proposed economic stimulus package after Prime Minister Shigeru Ishiba pledged bipartisan discussions to implement a comprehensive tax reform, which is expected to be approved by the end of 2024. The proposed tax reform measures include changes to income tax, corporate tax, and cryptocurrency tax. This represents a policy shift for the ruling party, which has previously called for higher taxes. Japan's current policy around cryptocurrency taxation relies on a vague and variable "miscellaneous tax" that can impose a tax of up to 55% on transactions. The opposition party has called for a flat 20% tax on digital assets, along with other tax cuts. Other tax cuts planned for discussion include increasing citizens' tax-free income from $6,650 to $11,345, cutting fuel taxes, and cutting sales taxes until the job market recovers by at least 2%. (Cointelegraph)