The ruling Liberal Democratic Party decided Monday that it will not carry out a large-scale income tax cut this year, ruling out the possibility that such a measure will be included in a planned economic stimulus package.

Senior executives of the LDP also agreed that the package — the basic framework for which is to be announced this week — will be within the limit of the Fiscal Structural Reform Law, rejecting calls for its revision to implement vigorous measures to boost the sluggish economy.

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