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The largest declines were 12 percentage points in Japan and Germany, while the U.S. effective rate over that period fell from 25% in 1999 to 20% in 2009, according to studies by the OECD.
FORBES: A Cross Country Comparison Of Corporate Income Taxes
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Koichi Nakano of Sophia University in Tokyo points out that Japan's distorted electoral map exaggerates the size of the defeat: the DPJ lost heavily against LDP candidates in depopulated rural areas that are considered to be the opposition's heartland, but which produce a disproportionate number of seats.
ECONOMIST: Japan's upper-house elections
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Alex Kinmont, an investment analyst for Morgan Stanley, points out that the domestic overcapacity in Japan's car market is equivalent to Britain's total car production.
ECONOMIST: Corporate Japan goes to waste