Japan eyes M&A and wage incentives for midsize companies

New legal category enables support for key regional players

20240213N Japan midsize company

Japan seeks to support companies that are integral to regional economies. (Summit Steel)

SHUNSUKE USHIGOME and ANNA NISHINO, Nikkei staff writers

TOKYO -- Japan's industry ministry looks to create a new legal category for midsize businesses with up to 2,000 employees, with tax breaks to encourage investment by companies that are often key drivers of their local economies.

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