• SHARE

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.”

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW