Both views, economists note, could have some truth to them.

Economists note that on the surface Japan has a very open market.

As a few economists have noted, rarely has such a big tax cut had so little social effect.

Such economists note one feature of the change, however, that is not so welcome.

Economists also noted that the number of hours worked rose in June for the second straight month.

Other economists note that the Presidential elections are coming up.

Economists have for several years noted a shift toward spending on services instead of products.

Still, some economists noted that if there were additional months of particularly poor sales the situation could hurt the nation's economy.

Furthermore, economists noted, the nation's trade situation continues to be far out of balance.

Economists also note that it would be a huge tax cut for residents earning more than $200,000.