Japan to cut investment tax to boost firms’ capital spending

[CityFarmer]

Japan to cut investment tax to boost firms’ capital spending

TOKYO – Japan plans to help its corporations by cutting tax on investment to boost their capital spending, a draft of the nation’s growth strategy showed on Wednesday.

The investment tax break was added to a series of measures the government unveiled last week in the first part of its growth strategy plan, which included targets such as increasing private-sector capital expenditure and infrastructure exports.

The growth strategy is expected to be approved by the cabinet on Friday.

http://www.todayonline.com/business/japa...l-spending

[greengiraffe]

Give Abe a chance - reforming Japan takes time. This is certainly a step in right direction...

Hopefully, Boustead's foray in the green energy sector will be a stepping stone to more productive opportunities in the years ahead.

Japan to cut investment tax to boost firms’ capital spending

TOKYO – Japan plans to help its corporations by cutting tax on investment to boost their capital spending, a draft of the nation’s growth strategy showed on Wednesday.

The investment tax break was added to a series of measures the government unveiled last week in the first part of its growth strategy plan, which included targets such as increasing private-sector capital expenditure and infrastructure exports.

The growth strategy is expected to be approved by the cabinet on Friday.

http://www.todayonline.com/business/japa...l-spending

[CityFarmer]

Following-up news on Japan's measures to boost economic growth...

Japan approves growth steps

TOKYO – Japan’s cabinet rubber-stamped a set of measures on Friday to boost economic growth that so far have failed to impress markets and made Prime Minister Shinzo Abe promise to take more steps after next month’s upper house elections.

The growth strategy is a part of Abe’s economic revival plan that also includes hyper-easy monetary policy and big government spending and has been unveiled in batches over past few months to lukewarm reception of investors and commentators.

http://www.todayonline.com/business/japa...owth-steps