Finance Minister Masajuro Shiokawa said Thursday it would be “extremely difficult” to carry out permanent tax cuts as part of proposed reductions of more than 1 trillion yen for fiscal 2003.

His comments before a House of Councilors committee session indicate he is cool to the idea floated by private-sector members of the Council on Economic and Fiscal Policy, a top government policy-setting panel, to cut corporate income taxes funneled to the national government.

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.