According to Bloomberg, Japanese Prime Minister Shigeru Ishiba has promised to hold bipartisan discussions to implement a comprehensive tax reform, after which Japan will continue to pursue the proposed economic stimulus package. The economic stimulus package is expected to be approved by the end of 2024, and the proposed tax reform measures include changes to income tax, corporate tax and cryptocurrency tax, representing a policy shift for the ruling party, which has been calling for higher taxes. Japan's current tax policy on cryptocurrencies relies on a vague and variable "miscellaneous tax" that can reportedly tax transactions up to 55 percent, with opposition parties calling for a flat 20 percent tax on digital assets alongside a variety of other tax cuts.