Tokyo set to relax investment stance
By Michiyo Nakamoto in Tokyo
Published: May 18 2008 22:44 | Last updated: May 18 2008 22:44
Japan’s Cabinet Office will call on Monday for reforms to promote foreign takeovers of Japanese companies, including a cut in corporate taxes and a review of investment restrictions to “dramatically increase” foreign direct investment.
The proposals from a government economic advisory panel are expected to become policy, after foreign investors criticised Japan’s stance towards foreign direct investment as being protectionist.
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