INSUBCONTINENT EXCLUSIVE:
Japan is shifting its economic strategy to better support midsize businesses, which have previously been hindered by classifications that
in developing midsize enterprises, especially in semiconductors.Japan is now assisting businesses larger than SMEs but smaller than major
corporations to bridge the gap.The lower house of the Diet considers legislation to create a new category for businesses with up to 2,000
job creation targets swiftly.To further encourage expansion, Japan has revised its tax policy
Local tax now applies to firms with over 1 billion yen capital, expanding from the previous threshold of 100 million yen.This change aims to
prevent large companies from downsizing just to gain tax benefits.Midsize companies have shown significant economic growth, with domestic
capital investment increasing by 1.5 trillion yen over the last decade.Their sales have outstripped both larger and smaller companies,
into robust midsize enterprises that drive local economies and position Japan as a leader in corporate innovation and fairness in Asia.
