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Newfoundland & Labrador > Business

Japan finmin Aso: Tax revenue may fall short of $570 billion forecast for FY2019

Reuters | Posted: Nov. 19, 2019, 3:22 a.m. | Updated: Nov. 19, 2019, 1:22 a.m. | 1 Min Read

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TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday it was "very possible" that tax revenue would fall short of the 62 trillion yen ($570 billion) forecast for this fiscal year ending next March.

Asked about the possibility of issuing more deficit-covering bonds, Aso told a news conference he was not sure on how to fill any shortfall since it was not clear how big it might be.

(Reporting by Leika Kihara and Kaori Kaneko; Editing by Chang-Ran Kim)

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