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Abe says corporate tax to be cut more than planned next financial year

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Japanese Prime Minister Shinzo Abe said on Thursday that corporate taxes would be cut more than planned next fiscal year, paving the way for early cuts below 30 per cent.

[TOKYO] Japanese Prime Minister Shinzo Abe said on Thursday that corporate taxes would be cut more than planned next fiscal year, paving the way for early cuts below 30 per cent.

He added that capital spending and wage hikes held the key to generating a virtuous economic cycle.

REUTERS