Japan METI Seeks to Extend Wage Hike Tax Breaks to 2030: Sankei

Japan’s Ministry of Economy, Trade and Industry looks to extend corporate tax breaks aimed at encouraging employers to raise wages to 2030, Sankei reports without attribution.

• Tax breaks for hiking wages are set to expire when the current fiscal year ends in March
• Also seeks additional incentives for companies to support employees raising children
• Will include the measures when it submits its annual tax reform requests to the Finance Ministry at end-Aug.

To contact the reporter on this story:
Ryotaro Nakamaru in Tokyo at rnakamaru1@bloomberg.net

To contact the editors responsible for this story:
Yusuke Miyazawa at ymiyazawa3@bloomberg.net

Gareth Allan

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