Japan plans tax break to shake up low-return businesses

Tokyo: Japan's government is considering tax breaks on gains from sales of non-core businesses, a move that could accelerate long-delayed corporate restructuring and spur industry consolidation, two ‌people with knowledge ⁠of ⁠the matter said.

The plan would remove a major obstacle to companies shedding non-core businesses and redeploying capital into growth areas, in what could become ​one of Prime Minister Sanae Takaichi's most significant initiatives to advance corporate governance reform.