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. Last Updated: 07/27/2016

Japan Recovers

TOKYO -- Japan's moderate economic recovery is still intact despite recent falls in share prices and long-term interest rates, Vice Finance Minister Takeshi Komura said Monday.

Komura, speaking at a regular news conference, also said the ministry had no immediate plans to reintroduce income tax cuts to boost the recovery.

Tax cuts "should not be used as a measure to pump up the economic recovery," the vice minister said, noting that the Finance Ministry's priority was the restructuring of state finances.