Japan to offer tax break for hiring recent Ph.D. grads

Measure aims to boost basic research and corporate competitiveness

20230109N UTokyo

The new tax credit will apply to employees who earned a doctorate within the past five years. (Photo by Tsuneyuki Kenmochi)

MARI ISHIBASHI, Nikkei staff writer

TOKYO -- Japan will in April set up a tax incentive for companies that bring on more employees with doctoral degrees, aiming to encourage advanced research and help make businesses more competitive.

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