Japan's Koizumi vows 'bold' action on economy

JAPAN - Prime Minister Junichiro Koizumi vowed Friday to take "bold" action to pull Japan's economy out of its slump and stressed the importance of dialogue to resolve concerns over North Korea's nuclear weapons program.

Koizumi, in a policy speech opening a 57-day special session of parliament, said he would clean up the bad loans choking Japan's banks and financial system by 2004 and aim for a tax cut of more than $8.3 billion, the Associated Press reported.

"Depending on the economic condit

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