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PACIFIC WATCH

January 10, 1994|From Times Staff and Wire Reports

Measures Sought to Boost Economy: Japan's ruling coalition parties plan to propose abolishing taxes on securities transactions as part of measures to stimulate the economy, the Nihon Keizai newspaper said. The parties will also propose a third supplementary budget totaling more than $62 billion. Help for the real estate market would come in the form of reduced land sales taxes and relaxed restrictions on which land sales must be reported to the government. A widely debated income tax cut would not be proposed until at least next month, the report said. The newspaper said the parties will unveil their economic stimulus proposals Jan. 20.

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