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Economy

Rising yen, sinking stocks eroding Japan's tax revenues

TOKYO -- The Japanese government's fiscal 2015 tax revenues likely missed a January projection as a stronger home currency and sliding share prices slowed growth in corporate earnings.

The central government's general-account tax revenues are estimated at around 56.3 trillion yen ($553 billion) for the year ended March, up more than 2 trillion yen on the year and marking the highest figure since fiscal 1991. But this still falls around 100 billion yen short of the 56.4 trillion yen forecast made in January.

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