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Amid rising concerns over the nation’s economic prospects, trade chief Shinji Sato renewed calls Sept. 2 for a significant reduction in corporate taxes to stir up business sentiment and ensure domestic demand-led growth.

Sato warned that doing otherwise would endanger economic structural reforms and prevent Japan from keeping its trade pledges. “Until now, we’ve been saying that weak domestic demand is a temporary phenomenon in reaction to the consumption tax increase,” he said. “From this fall toward the end of the year, we will be facing a difficult question of how to explain the situation to our trade partners.”

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