(Aug 31): Japan’s financial regulator proposed easing corporate tax rules for crypto assets as well as lighter levies for individual stock investors in support of Prime Minister Fumio Kishida’s efforts to reinvigorate the economy.

Companies should be exempted from paying taxes for paper gains on crypto coins that they hold after issuing them, the regulator proposed in its annual tax-code change request announced on Wednesday (Aug 31). The Financial Services Agency (FSA) also called for boosting a programme that gives tax breaks to individual investors.