Japan cuts corporate tax by 5%

The Japanese government has announced it will cut the country's hefty corporate tax rate by 5%, in another bid to stimulate its stagnant economy.

The Prime Minister, Naoto Kan, says he hopes it will help boost investment, employment and salaries.

Seijiro Takeshita is the director of Mizuho Financial Group and he told the BBC that the measure will have little effect.

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