Japanese Economics Minister Akira Amari said on Tuesday that Prime Minister Shinzo Abe has given no instructions to mull a cut in the country’s corporate tax.
Amari made the remark at a news conference after a regular cabinet meeting.
Government officials have said cutting Japan’s corporate tax may be among options Abe’s administration may consider to ease the pain from an expected hike in the sales tax starting next year.
The Nikkei business daily reported on Tuesday that Abe, currently on tour of the Middle East, said he wanted discussions to be made based on the need to beat deflation and revive the economy.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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