“With an underperforming stock market flagging a warning that investor interest in Abenomics is waning, Abe’s government is preparing for June a round of structural changes designed to boost potential growth in the world’s No. 3 economy.  Corporate-tax cuts are envisioned as a centerpiece of this year’s installment of Abe’s ‘third arrow’ of reform — monetary and fiscal stimulus formed the first two arrows.  But Prime Minister Shinzo Abe’s efforts to lower Japan’s corporate tax rate are increasingly set to include steps to ensure more businesses pay at least some levies, a move that endangers the survival of a swathe of smaller firms.”

http://www.bloomberg.com/news/2014-05-01/japan-corporate-tax-cut-plan-spells-pain-for-smaller-businesses.html

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