Corporate tax cuts, stronger corporate governance and closing the tax gap between one- and two-income households are among the Liberal Democratic Party's recommendations for inclusion in Prime Minister Shinzo Abe's economic growth strategy, due by the end of next month.

The LDP, which met Tuesday to discuss the recommendations, will submit its draft to Abe later this month, a source close to the matter said.

The Cabinet is likely to approve this year's growth strategy on June 27 after reviewing the recommendations from the LDP and other government councils.