New Japanese cabinet ministers adopt disparate views on taxation. Japanese finance officials express reservations, place conditions on corporate tax cut. Role of Japanese Finance Ministry under study. United States, Japan agree on APA for Hitachi Metals America. Japan's economic stimulus package contains tax cuts, incentives, and credits.
Japan lowers corporate rates and reforms corporate, individual, securities, and land taxes.
United States agrees to purchase Japanese yen partly in exchange for tax reform. Japanese bank gets APA on foreign exchange transactions. Japan enacts laws to resuscitate its financial system. Japan's latest economic stimulus plan contains income tax cuts, cigarette tax redistribution. Japanese PM's resignation leaves future of tax, economic reforms unclear.