Japan Mulls Company Property-Tax Exemption to Increase Spending

  • Plan to be included with reforms for next fiscal year: NHK
  • Japan's GDP growth probably remained flat in 3Q: Amari

Japan is considering a property-tax exemption for small- and medium-sized businesses that increase capital expenditure, Economy Minister Akira Amari said in an NHK broadcast on Sunday.

“I want to achieve something that has never been attempted before,” he said. The plan will be incorporated into broader tax reforms in the fiscal year ending March 31, 2017, Amari said on NHK.

Japan’s gross domestic product in the quarter ended Sept. 30 probably remained flat, compared with an earlier prediction of a 0.8 percent decline, Amari said. The GDP is expected to increase in the following quarters, the minister said.

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