PoliticsAbe 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)
GAKU SHIMADA, Nikkei staff writer
December 12, 2019 05:52 JST
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.