A Ministry of Economy, Trade and Industry study panel met Tuesday to discuss revisions to some corporate taxes as part of comprehensive government tax reforms.
The open-door inaugural meeting of the panel, chaired by Ikujiro Nonaka, a professor at Hitotsubashi University's graduate school, was convened by METI with the mission of compiling a report by the end of June.
The 11-member panel will make proposals to the government on tax reforms needed to revive Japan's eroding competitiveness, which is under pressure from foreign competition and deflation at home, ministry officials said.