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Abe to unveil tax break for corporate investment by fall

Prime Minister Shinzo Abe said Sunday his government will finalize a tax break for corporate investment by this fall in addition to its already announced growth strategy. Abe, appearing on a television program aired by public broadcaster NHK, called the series of measures he had announced by Wednesday the first stage of his growth strategy and said the government will "start dealing with the second stage in fall" after the House of Councillors election in July.

Japan PM Abe hints at possible tax hike delay

Japan's Prime Minister Shinzo Abe said Sunday an upper house election will take place on July 21 and voiced the possibility of delaying a consumption tax hike scheduled for next year if the economy remains weak. Abe, in a live interview with national broadcaster NHK, also pledged a "dramatic" tax break in the autumn to encourage investment, calling it the second phase of his broad growth measures. He stressed that his basic policy was to raise the five percent consumption tax to eight percent next year and then to 10 percent in 2015.

Japan PM Abe unveils plan for tax cuts to boost capex

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Sunday the government would decide on tax cuts in autumn to encourage companies to boost capital expenditure as part of sweeping reforms to revive the economy from nearly two decades of stagnation. The government will also work on legislation to scrap regulations hampering corporate research and investment and secure passage in parliament in autumn, he said. "We'd like to decide on bold tax cuts for capital expenditure in autumn," Abe told public broadcaster NHK.

Abe suggests two-track system for amending Constitution

Prime Minister Shinzo Abe has suggested the possibility of creating a two-track system for amending the Japanese Constitution, with current procedures maintained for revising the war-renouncing Article 9 and other articles covering basic human rights. But the procedure for revising other aspects of the Constitution would be made less onerous, sources close to the matter said Saturday. Abe is quoted as sketching out that option in an interview to be published Monday in the monthly magazine Voice.

Abe to visit Poland, Ireland on occasion of G-8 summit

Prime Minister Shinzo Abe said Saturday he will visit Poland and Ireland on the occasion of the June 17-18 summit of the Group of Eight nations in Northern Ireland. Abe revealed the plan in a stump speech in Tokyo. "I would like to promote Japanese technology in the two countries," he said. As part of its growth strategy, the Abe administration plans to expand Japan's infrastructure and medical technology exports to revitalize the moribund economy.

Japanese gov't vows to take lead in boosting business investment

The government pledged Wednesday to take the lead in beefing up private-sector investment and rebuilding business operations with the aim of ending nearly two decades of deflationary recession in Japan, designating the coming five years as an "emergency structural reform period."

Abe aims to boost Japan per capita income by 1.5 mil. yen in 10 yrs

Prime Minister Shinzo Abe will announce Wednesday that his government will aim to boost Japan's per capita gross national income by more than 1.5 million yen ($14,970) in 10 years under the upcoming economic growth strategy, sources close to him said. In his speech about the strategy later in the day, Abe will also pledge to allow online sales of more than 99 percent of over-the-counter drugs in Japan and set up special economic zones in which deregulation can be promoted, the sources added.

Abe's coalition partner seeks 10% pay rise for workers

The New Komeito party on Tuesday set long-term goals to revitalize the Japanese economy, including raising average salaries by 10 percent, in its key policy pledges for this summer's upper house election. The junior coalition partner of Prime Minister Shinzo Abe's Liberal Democratic Party also proposed holding an anti-nuclear summit in 2015 in Hiroshima and Nagasaki for the elimination of nuclear weapons, while underscoring the need for improving Japan's relations with China and South Korea, strained over historical issues.

Japan aims to boost per capita income by 1.5 mil. yen in 10 yrs

Prime Minister Shinzo Abe said Wednesday his government aims to boost Japan's per capita gross national income by more than 1.5 million yen ($14,970) in 10 years under the upcoming economic growth strategy, centering on the leveraging of private investment. In his speech at a Tokyo hotel to announce the last elements of the strategy, Abe also pledged to allow the online sales of over-the-counter drugs in Japan and set up special economic zones in which deregulation can be promoted, emphasizing the vigor of the private sector is vital for growth.

Japan's Abe stresses deregulation is priority for growth

By Kaori Kaneko YOKOHAMA, Japan (Reuters) - Japanese Prime Minister Shinzo Abe emphasized on Monday that deregulation is the priority for the nation's growth strategy and aimed to push forward his economic policies. Abe, speaking to reporters after the Tokyo International Conference on African Development (TICAD) held in the city of Yokohama near Tokyo, said he would watch market movements closely but refrained from commenting on them.
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