Tax reform key for Japan’s ¥10 trillion startup push, says

Tax reform is essential for Japan’s push to funnel ¥10 trillion of investment into startups every year, according to the head of a ruling party group supporting emerging high-growth firms.

The government is set to put together a five-year plan by the end of 2022 that will seek to increase money going to startups tenfold, according to proposals from the ruling Liberal Democratic Party.

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  • Takuya Hirai, then digitalization minister, speaks at a news conference in Tokyo in June 2021. Hirai currently leads a ruling party group supporting emerging high-growth firms. | KYODO