Japan’s economy sinks deeper into mire

14 September 1993 Reuters News English (c) 1993 Reuters Limited  TOKYO, Sept 14 (Reuter) – Japan’s sickly economy has been contracting as its stubborn trade surplus balloons, government figures showed on Tuesday.  Gross national product (GNP) shrank 0.5 percent in the April/June quarter from the previous quarter after adjustment for inflation, the government’s Economic Planning…

Manila to push ahead with fiscal reforms

11 December 1987  Reuters News  English  (c) 1987 Reuters Limited  MANILA, Dec 11 – The Philippine government intends to boost tax collection, reorder its expenditures, and rationalise state-owned corporations to remedy Its dismal fiscal situation, Finance Secretary Vicente Jayme said  He told a meeting of the Philippine Economic Society that the country’s tax revenues as…