Reuters reporting government sources
- Japanese govt likely to act a year ahead of schedule
- relevant ministers and agencies are now in talks to cut the rate to a level between 29.5-30%
- aiming to spur capital spending and boost wages
The Japanese govt initially planned to cut the rate below 30% in fiscal year 2017 after reducing it to 31.33% from 32.11%
Japan's biggest business lobby, Keidanren, has been pressing the govt to quickly lower the corp tax rate
Yesterday I reported that Japan's Union Association are looking for 2% wage hikes next Spring's talks in a bid to help overcome deflation and boost the economy
