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To: Tony Viola who wrote (61142)	7/25/1998 6:28:00 PM
From: IMPRISTlNE	Read Replies (1) \| Respond to of 186894

OTOTOTOT Subject 22099

To: Tony Viola who wrote (61142)	7/26/1998 12:48:00 PM
From: VICTORIA GATE, MD	Read Replies (1) \| Respond to of 186894

Sunday July 26, 7:34 am Eastern Time U.S. says Obuchi vows move on tax cut, stimulus MANILA, July 26 (Reuters) - Japanese Prime Minister- designate Keizo Obuchi has told U.S. Secretary of State Madeleine Albright he is determined to move quickly on a tax cut and new spending to boost Japan's troubled economy, U.S. officials said on Sunday. The officials, briefing reporters after a 45-minute meeting, said Obuchi told Albright ''he would do whatever it took'' to revive Japan's economy. ''I can and will act promptly,'' one official quoted Obuchi as telling the American secretary of state, in Manila for the annual meeting of the Association of Southeast Asian Nations. Officials said Obuchi gave Albright specific proposals that appeared to track his campaign promises, including a tax cut of about $42 billion and a supplementary budget of about $70 billion. Obuchi acknowledged to Albright his reputation as a career politician not known for taking tough decisions and officials said he seemed ''determined to prove otherwise.''