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Abe sees China's 5G lead as 'economic security' threat

Prime minister personally lobbies for bigger tax breaks

The Japanese parliament building in central Tokyo: Sensing Prime Minister Shinzo Abe's conviction, the ruling party agreed to broaden tax breaks for 5G investment to 15%. (Photo by Uichiro Kasai)

TOKYO -- When Japan's tax guru Akira Amari phoned Prime Minister Shinzo Abe on Monday to inform him that the ruling party's powerful tax research commission had agreed to offer a generous 9% tax break to telecommunications companies investing in 5G infrastructure, the leader was not impressed.

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