Japan unveiled tax measures on Thursday aimed at encouraging companies to spend ...
TOKYO - Japan unveiled tax measures on Thursday aimed at encouraging companies to spend their cash piles on start-ups and other investments and stimulating a slowing economy, while also helping firms to compete with China’s advance in 5G technology.
Japan’s economy grew at an annualized rate of 1.8% in July-September, backed by capital spending and domestic demand, but analysts expect growth to slow in the current quarter as the Sino-U.S. trade war and the national sales tax hike likely weighed on the world’s third-largest economy. The roll-out of 5G networks, with speeds fast enough to download a movie to a smartphone in seconds, has raised security concerns in the United States over equipment for the upgrade supplied by Chinese telecommunication firm Huawei [HWT.UL].
“With this tax revision, I believe we managed to raise a flag so that Japan can lead America and EU on 5G development,” Amari said. He made no mention of China.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei Strikes German 5G Deal Despite Political PushbackChina’s Huawei secured a commitment to build part of Germany’s 5G infrastructure, strengthening its position in Europe’s largest economy despite calls from lawmakers to bar it.
Read more »
U.S. Households Have an Average of 11 Connected Devices — And 5G Should Push That Even HigherAmericans are already a hyper-connected, device-fixated lot. And as 5G takes flight in 2020 and beyond, the number of internet-connected screens in U.S. consumers’ lives will only increase, a…
Read more »
Iran President Rouhani may visit Japan on December 19: JijiIranian President Hassan Rouhani may visit Japan on Dec. 19 for talks with Japan...
Read more »
Perfume, The Biggest Girl Group in Japan, Can See The Future“What you see in our performances is probably a very Japanese side of us. The strength and beauty in femininity.” We caught up with J-pop sensation perfumeofficial in Tokyo prfm Pcubed
Read more »
Japan and the Art of Making the Same Mistakes Over and Over AgainA sales-tax increase has once again dented the Japanese economy more than the government expected. The country can do better.
Read more »
Japan calls for prompt solution to restore WTO appellate bodyJapan said on Wednesday the World Trade Organization's dispute settlement s...
Read more »