Japan's Abe unveils plan to cut corporate tax rate to spur business activity

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe unveiled a plan on Friday to cut the corporate tax rate below 30 percent in stages over a few years from the next fiscal year to help pull the economy out of two decades of sluggish growth and deflation. Investors have been scrutinising whether Japan can substantially lower the corporate tax rate - among the highest in the world - to spur growth in the world's third-largest economy. Abe also needs to strike a delicate balance between stimul