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The Finance Ministry is estimating that tax revenues for fiscal 2002 will be close to 47 trillion yen, the lowest in 15 years, ministry officials said Friday.

The revenue estimates would be the lowest since fiscal 1987, when tax revenues were 46.8 trillion yen, and are lower than previous projections as the ruling coalition gave up plans to raise taxes on tobacco and “happoshu” low-malt beer, which together would have added tens of billions of yen.

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