Japan: BOJ Governor Kuroda does not see need for negative income tax
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Monday that he did not see the need for a negative income tax or a basic income as the country already has a well-established system of medical insurance and pensions.
“At this stage, I don’t think we need a so-called negative income tax or basic income system because we already have a fairly well-established, well-developed, medical insurance and pension system,” Kuroda said.