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. Under the plan, roughly 30% corporate tax on gains from sales of non-core businesses would be deferred indefinitely, provided companies reinvest the proceeds within several years in acquisitions aligned with their core operations and commit to investing in those businesses, one of the sources said. The proposal is expected to be submitted as part of tax reform requests due at the end of this month, with details to be worked out before a final tax reform package for the next fiscal year is approved at year-end, said one of the sources, who declined to be identified as the matter is still private.