FROM THE OFFICE OF PUBLIC AFFAIRS December 17, 1997RR-2118 We welcome the policy actions announced last night by Prime Minister
Hashimoto to strengthen domestic demand, including a 2 trillion yen cut in personal income taxes.
A strong economic recovery in Japan, led by domestic demand, is important for both our
countries, for Asia, and for the world economy. We also welcome the proposals by the Japanese
authorities to strengthen the financial system and urge them to move forward quickly to
implement those proposals.
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