In a telephone conversation Wednesday with Prime Minister Ryutaro Hashimoto, U.S. President Bill Clinton welcomed the special tax cut plan of 2 trillion yen unveiled earlier in the day, government officials said.

Clinton phoned to commend Hashimoto for demonstrating remarkable leadership and said the decision will benefit not only Japan but Asia as a whole, according to the officials. Clinton also welcomed the Liberal Democratic Party’s plan announced the previous day to issue government bonds worth 10 trillion yen to stabilize the nation’s financial system, the officials said.

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