The extraordinarily bold economic experiment in Japan

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It's not only Friedman, it's Reagan too:

Japan's government is planning to cut the country's corporate tax rate -- a move that could prove as controversial as the recent consumption tax hike. According to media reports, Japan's ruling Liberal Democratic Party has cleared the way for a corporate tax cut in 2015 and Reuters reported on Thursday that the rate may be lowered to below 30 percent within a few years to help revive growth.

Japan plans corporate tax cut, but does it need it?