Staff writer
Economists and academics expressed surprise Wednesday at the timing of Prime Minister Ryutaro Hashimoto's announcement of 2 trillion yen in special income and resident tax cuts, but many were doubtful actual stimulative effects would take place.
The tax reductions are planned as a one-time only move in the fiscal 1997 supplementary budget to help boost public confidence in the economy and spur spending.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.