Finance Minister Masajuro Shiokawa said Tuesday that proposed tax cuts for the current fiscal year will be carried out boldly and will be financed by spending cuts.
"I think the tax cuts can be financed by cuts in general expenditures," Shiokawa said.
Tax revenues will increase if the economy is reinvigorated through economic revitalization measures, including tax cuts, he said.
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.