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Abe raises stakes in game to secure stronger capital investment

Business leaders agree to increase spending if govt cuts corporate taxes, makes other business-friendly reforms

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Mr Abe appeared to give ground, saying corporate taxes would be cut more than originally planned next fiscal year. But the pledge could have political repercussions, with a consumption tax hike planned.

Tokyo

IN a kind of poker game between Japanese industry and the government, business leaders promised Prime Minister Shinzo Abe on Thursday that they would raise capital spending as he is urging, in order to boost the flagging economy - but only if he agrees to an early and large cut in

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