Hosokawa, Morihiro
The Japanese government has unveiled a long-promised economic stimulus package worth 15.25 trillion yen ($188 billion), aimed at pulling the country's economy out of recession. The package includes across-the-board income tax cuts of 20 percent, 7.2 trillion yen worth of new public works spending, and preferred
Hosokawa, Morihiro
Prime Minister Morihiro Hosokawa's tax reform agreement has provided a much-needed boost to the Japanese economy, with the Tokyo stock market experiencing a significant increase in morning trading. The deal, which will allow the government to implement six trillion yen ($55.5 billion U.S.) in income and
Hosokawa, Morihiro
A crisis in the Japanese government deepened last night as the largest party in the coalition threatened to pull out over a contentious $A200 billion economic package. The Social Democratic Party, which holds a quarter of the government's strength in parliament and six ministerial posts, vowed to resign
Hosokawa, Morihiro
A heated debate on an indirect tax threatened to dissolve the coalition government of Prime Minister Morihiro Hosokawa, but the opposing sides ultimately decided to resume discussions Friday. The main point of contention was the proposal to replace the existing 3 percent consumption tax with a 7 percent "national
Hosokawa, Morihiro
Japanese Prime Minister Morihiro Hosokawa signed a 10-point political reform pact with opposition leader Yohei Kono, despite acknowledging a retreat from the ruling coalition's original anti-corruption goals. The agreement, dubbed a "spirit of concession," fell short of the coalition's aspirations for comprehensive reform, with
Hosokawa, Morihiro
Japan's Prime Minister Mr. Morihiro Hosokawa is facing intense pressure to salvage his reform bills, which suffered a crucial defeat in the upper house on Friday. The development has created a fresh crisis for the fragile coalition, which is already internally divided. In a desperate bid to break
Political parties
Prime Minister Morihiro Hosokawa's administration is facing its greatest challenge yet, as the proposed political reform package was defeated in the House of Councillors on Friday. The Social Democratic Party, the largest force in the seven-party coalition, is now at risk of splitting into factions over concessions needed
Political parties
Prime Minister Morihiro Hosokawa's government is set to face a crucial showdown vote on political reform bills, with Liberal Democratic Party (LDP) President Yohei Kono offering to seek concessions prior to the vote. The seven-party coalition has been actively seeking to pass the legislation in the House of
