I posted earlier on the Nikkei headline that:
Nikkei reports that Japanese PM Abe is considering a corporate tax cut
More:
- This is to counteract the negative effects of the proposed sales tax increase
- This is as near as confirmation that the sales tax increase will be implemented as planned
- This move will be supported by the Keidanren (equivalent to japan’s Chamber of Commerce), a powerful business association
- Abe will be looking for them to raise wages in response to this cut
- This is positive for the Nikkei and USD/JPY
