Just before the great East Japan earthquake, the government undertook an industrial revitalization policy, designating 21 national strategic projects as part of its new growth strategy. Promoting investment in R&D is one of seven priorities in the science and technology growth strategy.
Tax laws are also being reformed to stimulate new investment, with tax reductions for certified companies, incentives for small business, and location subsidies for headquarters and R&D centers. A new government promotion bill aims to turn Japan into an Asian business center.
- Yoko Hatta, Asia Pacific region Head of Technology and Global, Transfer Pricing Services Partner, KPMG in Japan