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Japan's Prime Minister Shinzo Abe unveiled the reform plans of his "third arrow" strategy today. His reform plan focuses to encourage Japanese companies to invest more and create more jobs. The government plans to cut the corporate tax rate below 30% from the current 34%. This process should start next year.
The government wants to boost the role of working women due to the shrinking workforce in Japan. Japan's population is one of the world's most rapidly ageing populations.
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