Reuters with comments from Japanese Prime Minister Abe:

  • Corporate tax to be cut more than planned next fiscal year, paving way for early cuts below 30%
  • Capex, wage hikes hold key to economy's virtuous cycle

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To the extent such developments reduce the need for further Bank of Japan monetary policy stimulus they are a yen positive

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And, following up from earlier .... the Chairman of the Japan Business Federation Keidanren says he expects wage hikes from companies with strong profit