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...Prime Minister's supporters argue that the tax-reform bill, along with its unpopular sales levy, must be passed to stimulate domestic economic growth. The plan would reduce income taxes to encourage consumer spending, creating a greater demand for imports. The sales tax, they contend, would make up for revenue lost with the cuts. An increase in U.S. exports to Japan would then take the heat out of the trade war and help stabilize the soaring yen, which has made Japanese goods more expensive abroad. Still, despite an L.D.P. majority in parliament, both the tax and budget proposals face...

Author: /time Magazine | Title: Japan Yasu, the Chips Are Down | 4/27/1987 | See Source »

...many. The Prime Minister will know better after nationwide local elections on April 12, when he and the ruling Liberal Democratic Party are now expected to take a drubbing. The main reason for that is not the U.S. trade dispute but Nakasone's announced decision to impose an unpopular 5% national sales tax. Nakasone has not made a single appearance on behalf of local candidates -- because no invitations were extended to him. Jokes one Tokyo academic: "If President Reagan is a lame duck, our Prime Minister is a dying duck." Nakasone probably did not feel any better after U.S. Trade...

Author: /time Magazine | Title: Trade Face-Off: A dangerous U.S.-Japan confrontation | 4/13/1987 | See Source »

...this community has experienced enough protest activity to realize that more is at stake. For instance, while everyone has the right to speak, should everyone have the right to speak without difficulty or voiced opposition? University principles dictate that students should not make visitors their prisoners, no matter how unpopular the visitors' views. But should every visitor have the right to move anywhere and everywhere like an honored guest? And, perhaps most importantly, who should enforce these rights and how and when should they be enforced...

Author: NO WRITER ATTRIBUTED | Title: Protesting Apartheid | 4/8/1987 | See Source »

...Yugoslavia to protest measures that have effectively frozen wages for public employees. The belt-tightening moves, which included a rollback of recent pay raises, began in February when Prime Minister Branko Mikulic tried to curb an annual inflation rate that approaches nearly 100%. The economic measures are so unpopular that even Communist Party officials criticized them, and some observers predicted further strikes when 3.5 million more workers are affected this month...

Author: /time Magazine | Title: Yugoslavia: Comrades Take a Walk | 3/30/1987 | See Source »

...chief reason for Nakasone's sagging fortunes is his attempt to include an unpopular 5% sales levy in a comprehensive tax-reform proposal. Although the measure for many consumers would be offset by lower income tax rates, it has riled even some members of Nakasone's party. Boasts Socialist Leader Takako Doi: "We are seeing an outpouring among conservatives angry with the sales tax because it violates Nakasone's election pledge not to impose new taxes." Nakasone retorts, somewhat lamely, that the long list of goods and firms exempt from the measure qualifies it as merely a "medium-sized...

Author: /time Magazine | Title: Japan: A Whiff of Blood In the Water | 3/23/1987 | See Source »

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