Honda: Japan needs tax decreases to boost growth

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Japanese government should decrease the corporation tax in the country in order to boost economic growth and encourage entrepreneurship. Etsuro Honda, an economic adviser of the Prime Minister Shinzo Abe said that it is reasonable to lower the tax to Germany's level of 29%. Moreover, the OECD supports the idea, adding that this point should b included in Abe's reforms' plan.

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