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Tuesday, November 18, 1997 Published at 08:47 GMT



World: Far East

Japan acts to boost Economic confidence

The Japanese government has unveiled a package of measures which it says is aimed at wiping out economic uncertainty among companies and consumers.

The measures include easing regulations, helping smaller businesses and improvingmarket access for foreign investors.

Among the specific projects are a new airport for central Japan and the decision to bring forward a nationwide fibre-optic network.

The BBC correspondent in Tokyo says there's a deep lack of confidence in the Japanese economy, which many fear is about to enter a recession.

But she says economists doubt these measures will be enough; many say only large tax cuts will produce a revival.

From the newsroom of the BBC World Service






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