日本

Japan woos foreign companies

International companies will be offered hefty tax breaks and other incentives to set up regional headquarters or research operations in Japan, in a move Tokyo hopes will make the country more attractive as a business hub.

The breaks, included in a package of tax policies approved by the cabinet for the next fiscal year from April, reflect concern that regional rivals such as Singapore and China are proving more attractive to multinationals as centres for management and R&D.

“We have a strong sense of crisis,” said Junichiro Kuroda, director of the economics and trade ministry’s investment facilitation division.

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