The ruling coalition announced a package of tax reforms for fiscal 2002 on Friday evening that will result in an estimated revenue loss of about 30 billion yen.
The reforms are less drastic than past packages because the government has no money with which to fund a major tax break and Prime Minister Junichiro Koizumi has set a 30 trillion yen cap on new bond issues, according to government officials.
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.
We humbly apologize for the inconvenience.