OTHER NEWS - Feb. 4, 1994
Japanese Leaders Meeting on Economic Package: Leaders of Japan’s ruling coalition parties were due to meet again today to try to hammer out an agreement on how to finance a proposed $49-billion income tax cut. The fragile seven-party coalition government headed by Prime Minister Morihiro Hosokawa had intended to announce Thursday an economic stimulus package incorporating the tax cut. But it was unable to do so because of fierce opposition from the Socialist Party to a Hosokawa plan to balance the cuts with a sales tax increase three years from now.
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