A: Hey there! Did you hear about Japan's tax collectors?
B: No, what's up?

A: They set a new record for revenue collection! Five years in a row!
B: Really? That's impressive. What made it happen this time?

A: Well, companies are doing great financially and people are spending more due to inflation.
B: Wow, that must mean a lot of money! How much exactly?

A: The total tax revenue for the last fiscal year, which ended in March, was over 75 trillion yen or about 522 billion dollars!
B: Whoa, that's a huge amount! And it's more than they expected back in November.

A: Yep, at least 1.6 trillion yen more!
B: That's a lot even for Japan! They're going to announce the official results as early as this week.

A: Seems like good news for Japan's economy! Let's see what happens next.
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Sources say that Japan's tax collectors brought in a record amount of revenue for the fifth consecutive year.



Contributing factors include healthy bottom lines at corporations and higher consumption-tax proceeds due to inflation.



The Finance Ministry estimates that total tax revenue for fiscal 2024 that ended in March topped 75 trillion yen, or 522 billion dollars.



The figure would be at least 1.6 trillion yen more than a projection last November when a supplementary budget was being compiled.



The ministry plans to announce the official results as early as this week.