From the Nikkei:

  • Japan considers corporate tax cuts from fiscal 2015

Headline over Bloomberg

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More detail of the report in the Nikkei:

  • The Japanese government is considering a timetable of gradually reducing corporate taxes beginning next fiscal year
  • The current effective corporate tax rate is 35.64% for businesses in Tokyo (this compares with the 20% range in many other countries)
  • The government began discussions yesterday (Thursday) on whether to stipulate the timing of the reduction in the policy guidelines, due out in June
  • Chief Cabinet Secretary Yoshihide Suga has already suggested that the rate should be lowered starting next fiscal year

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Note: the fiscal year begins April 1 in Japan