Japanese PM Aims to Reform Corporate Tax To Attract Foreign Investment

May 2, 2014 Share Print 0

Japanese Prime Minister Shinzo Abe expressed his determination to reform Japan’s corporate tax system at a seminar in London on Thursday, calling for foreign investment in the country.

Abe said Japan aims to double direct investment by foreign companies by 2020 as a pillar of the country’s economic growth strategy.

He also said Japan’s investment environment has improved through regulatory reform of the electricity sector and promotion of special economic zones.

The prime minister, on a six-nation tour of Europe, arrived in Britain on Wednesday after visiting Germany.

Several Japanese local government leaders, including Kobe Mayor Kizo Hisamoto and Fukuoka Mayor Soichiro Takashima, also attended the seminar to highlight the advantages of doing business in their areas.

via Mainichi

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency 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.