Japan Adjusts Its Economic Policy Or Downgrades Corporate Tax Rate

According to media reports, the ruling coalition of Japan approved a tax reform plan in December 30th, hoping to reduce the current excessively high corporate tax rate in the spring of 2015.

Accelerate recovery.

According to the plan, the actual tax rate of corporate income tax will be reduced by at least 3.26% by 2016.

Japan's ruling coalition hopes that the plan will be launched in early 1 next year.

Previously,

The government has indicated that it will reduce the operating burden of the enterprises in the next few years by reducing the corporate income tax, so as to boost the international competitiveness of the country's economy and respond to the severe challenges in the international market.

The Japanese government has been forced to launch the move ahead of time to save the economy.

At present, the central and local governments of Japan have accumulated

The average tax rate is 34.62%, lower than that of the United States, but higher than that of other mainstream economies.

In the current tax adjustment plan, Japan's ruling coalition promised to consider lowering the average corporate tax rate to 32.11% in March 2016 and then further reducing it to 31.33% in the same period in 2017.

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On Wednesday (December 31st), the price of gold was traded at $1199 / ounce in the early morning of the Asian market. The gold price of the overnight market had another amazing performance. However, it still did not break through the $1200.

In terms of financial calendar data, the consumer confidence index of the American Council of counseling increased, which partly hindered the rebound of international gold prices. Today is the last trading day in 2014.

In the daily chart, the international gold price soon dropped down after receiving a big pillar. The international gold price is now hovering near the brink belt. The upward trend of the KDJ index has begun to change.

Spot gold days in the watershed near 1198-1199, the overall interval between 1212-1184, early morning look at the trend of short term bulls, attention to the upper 1210-08 pressure level.

In the 4 hour chart, the spot gold bullion belt opens up, the KDJ three line below is gathered, and the short-term gold spot trend is still downwards, focusing on the break position near 1198.

From the point of view of the K-line form, it rose at D point near 1211 last night. According to Fibonacci series 0.312, the low point of this trend reversal is just around 1198, that is, today's gold price is high and low.

Today, if the gold price is broken down by 1198, then it will be 1190-1188 or even lower. It will be short selling at the bottom of the market, but it will be able to enter the empty market at the bottom of 1212. However, it does not touch the 1212 high point.