Sorry, no online dictionaries contain the exact phrase value reduction.
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Reverse dictionary results:
1. depreciation
 2. devaluation
3. degradation
4. write-off
5. amortisation
6. amortization
7. conversion
8. waste
9. write-down
10. dall
 11. discount
12. disinflation
13. fall
14. falls
15. permissive waste
16. break
17. credit
18. credited
19. credits
20. cuts
 21. decline
22. decrement
23. dilution
24. dip
25. down
26. downgrade
27. downgraded
28. downgrading
29. drop
30. falling
 31. limit
32. limitation
33. limiting
34. loss
35. low
36. lower
37. minimization
38. minimize
39. offset
40. reduce

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You can look up the words in the phrase individually using these links:   value ?   reduction ?
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