The Diet on Wednesday enacted a set of tax revision bills for fiscal 2001 featuring extended tax breaks for home loans and withholding taxes on capital gains.
The passage of the legislation could pave the way for the Liberal Democratic Party to begin discussing new tax reforms to rev up the stock market, as outlined by the ruling coalition's emergency economic package. The talks could begin in April.
It is unusual for the LDP's tax panel to discuss tax revisions at any time but the final quarter of each calendar year.