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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.