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Japan to spur carbon-cutting investment with tax breaks

Exclusive: Government hopes to establish fund to support green tech

Japan plans to grant tax incentives for corporations that invest in production equipment that makes wind turbines. (Photo courtesy of Tepco)

TOKYO -- The Japanese government has begun weighing the introduction of tax incentives for investments in products and equipment that reduce carbon emissions, Nikkei has learned, as it works toward its goal of zero greenhouse gas output by midcentury.

The central government, along with the ruling Liberal Democratic Party, will also explore setting up a fund that would support research and development toward such green investing.

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