The business climate may get chilly unless the government acts decisively now, Mitsuo Horiuchi, minister of international trade and industry, warned Oct. 24.”We’re coming to a stage where we must promptly hammer out measures to brighten up the corporate mind and the sentiment of consumers,” Horiuchi told reporters while voicing concern over the sluggish economy. “Unless we act decisively now, the situation may get chilly.”He said an economic pump-priming package expected to come out in mid-November must include drastic measures, including corporate tax cuts, with specific timetables to make a real impact on the economy. “Pump-priming measures must come in a package, not bit by bit, and they must be very specific,” he said.”Simply stating an intention to cut corporate taxes is no good,” he said. “It must be specified when such reductions will be made.”
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