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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Brad Yonkman who wrote (869)	4/4/1998 12:18:00 PM
From: Lucretius	Respond to of 3902

Japan Considering Tax Cuts, Hashimoto says LONDON (Nikkei)-The Japanese government is ready to consider large-scale income tax cuts, especially continuing or expanding the 2 trillion yen in special tax cuts, Prime Minister Ryutaro Hashimoto told Japanese reporters on Friday. "If there is something that should be done, we will carry it out boldly," he said, in reference to future economic stimulus measures. He also expressed his intention to start work on revising the fiscal structural reform law - a legal barrier to big tax reductions - immediately after the fiscal 1998 budget clears the Diet next week. Hashimoto is thus making economic recovery a top priority, temporarily shelving the self-imposed fiscal restructuring plan. He noted the Japanese economy now finds itself in an extremely severe situation, with a combination of conditions not experienced in the postwar era. He said his administration is now seriously studying what kind of measures are needed, based on a 16 trillion yen package of measures recently proposed by the ruling Liberal Democratic Party. Hashimoto was in London attending the second Asia-Europe summit.