Japan’s 2026 Tax Reform Shows Early Impact: New Balance Between Corporate Incentives and Individual Tax Burden
Introduction: In April 2026, Japan officially implemented a new round of tax reforms covering personal income, corporate investment incentives, and the global minimum tax. This reform not only affects the tax burden on high-income individuals but also has a profound impact on corporate R&D investment and long-term financial planning. After more than a month of implementation, preliminary data and market responses indicate that Japan’s economy is gradually adapting to the new tax environment. This article provides a tax-focused analysis of the reforms’ effects on individuals and businesses and offers practical strategies for investors.