Japan PM keen to cut corporate tax rate

TOKYO: Prime Minister Shinzo Abe is determined to cut Japan's corporate tax rate, Chief Cabinet Secretary Yoshihide Suga said, a step experts say could boost the global competitiveness of Japanese companies and make the country more attractive to foreign investment.

Suga, who serves as the government's top spokesman and is one of Abe's most trusted aides, also said Japan's participation in talks on a U.S.-led free trade pact, the Trans-Pacific Partnership, was a vital part of Abe's growth strategy, the "Third Arrow" in his "Abenomics" policy that also includes hyper-easy monetary policy and fiscal spending.