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

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 serves to underscore that Japan under Abe is the most pro-business government in the advanced industrial world," veteran Japan analyst Jesper Koll, CEO Of Wisdom Tree Investments, Japan, suggested to The Business Times.