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Abe's corporate tax cuts a concrete bargaining chip, says analyst

But critic says cuts may help keep firms from fleeing overseas, but won't spur investment

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CUT FOR GROWTH: Mr Abe's pledge to cut the corporate tax rate is part of an unwritten agreement with Japanese business whereby firms will try to respond with moves to spur investment and consumption.

Tokyo

PRIME minister Shinzo Abe's pledge to cut corporate taxes in order to get Japanese firms to step up capital investment and wage payouts has drawn fire from some critics. But others have leapt to the defence of the move as part of "new-era" Abenomics.

"The corporate tax cut