Japan and the U.S. have high corporate taxes in common: They rank first and second, respectively, on a global scale, and both have made moves toward reducing the burden.
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In Japan's case, the government last year approved a modest cut to 35.64 percent, a shade above the U.S. rate of 35 percent.
The reduction is part of the "Three Arrows" approach that Prime Minister Shinzo Abe is taking toward revitalizing the country's economy. The proposals are more commonly known as Abenomics.
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In the U.S., President Barack Obama and Congress have been bickering over conditions under which a decrease would be approved. The president wants corporate tax cuts to be tied to spending for job-creation programs.
The thinking in both cases is that tax cuts free up capital for investment, and at least one Japanese businessman said he's on board.
Yoshiaki Fujimori, president and CEO of LIXIL Group in Japan, said he supports Abe's efforts to get more money in consumers' pockets to help drive demand. Japan has been mired in deflation for years, with the most recent inflation reading of 1.2 percent representing some actual improvement toward growth.
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Abe's first two arrows were loosening monetary policy and implementing more responsible fiscal policy to roll back huge deficits. The third is structural reform to develop lasting growth policies.
"The first two arrows worked well. It seems Mr. Abe is determined to make the third arrow work well," Fujimori said. "Most companies are committed to raise the wage. The third arrow is long term."
—By CNBC's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom.