Socialists tax Hosokawa's patience

The Independent - London | February 4, 1994| | Copyright

THE JAPANESE Prime Minister Morihiro Hosokawa's emergency package of at least pounds 82bn to get the economy moving again was stalled last night by the continued refusal of the Socialists to accept part of the package concerning tax reform. Mr Hosokawa held talks late into the night with the Socialists and his other coalition partners to find a way out of this latest political impasse. The discussions will be resumed this morning but observers said a compromise was in sight.

The Socialists, who have opposed virtually every reform proposal Mr Hosokawa has made in the six months of his ...

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