Wsj urges Japan to pursue tax cuts, deregulation
The Wall Street Journal in its electronic edition Tuesday urged Japan to pursue tax cuts, deregulation and other reforms under a new leader to replace Prime Minister Naoto Kan, who has promised to resign soon.
Japan's tax revenues dropped 17.5% in June from a year earlier to 1,435.99 billion yen, reflecting the ongoing weak economic activity, the Finance Ministry said Monday.