In an about-face, the Democratic Party for the People says it will join a panel on social security while the Centrist Reform Alliance is also seriously considering it after both parties snubbed its inaugural meeting.
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CRA might join national council on consumption tax cut after all
Like the Democratic Party for the People, the party fears the political cost of not taking part in talks over the proposed consumption tax cut for food items.
The Japan TimesThe Democratic Party for the People announced it would participate in the multi-party panel on a consumption tax cut, while the leader of the Centrist Reform Alliance signaled his party's willingness to join.
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DPP to join panel on consumption tax cut
The Democratic Party for the People's announcement comes after it, along with the Centrist Reform Alliance, skipped the panel's inaugural meeting on Feb. 26.
The Japan TimesThe CRA and DPP declined to participate Thursday a panel on temporarily lifting the consumption tax on groceries, where political wrangling had been expected between the ruling and opposition parties.
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Consumption tax panel kicks off without two opposition parties
Prime Minister Sanae Takaichi had hoped to use the panel to achieve consensus across parties on how to lift the tax for two years.
The Japan Times
Touting ‘responsible and proactive’ fiscal policy, Takaichi seeks to reassure markets
In her policy speech to parliament, the prime minister attempted to alleviate concerns that her policies are overly expansionary.
The Japan TimesJapanese stocks fell in line with US market declines, with the Nikkei 225 dropping 1.12% amid geopolitical tensions and fund redemption suspensions, while bargain hunting limited further losses.
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[Tokyo Stock Market Closing]Japanese Stocks Decline in Tandem with US Market
Japanese stocks fell in line with US market declines, with the Nikkei 225 dropping 1.12% amid geopolitical tensions and fund redemption suspensions, while bargain hunting limited further losses.
Yonhap InfomaxJapanese Prime Minister Sanae Takaichi announced plans to actively consider a two-year consumption tax exemption on food and beverages, stressing that fiscal policy will remain prudent and avoid undermining market confidence.
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Japanese Prime Minister to Actively Consider Tax Cuts—Fiscal Policy Will Not Be Reckless
Japanese Prime Minister Sanae Takaichi announced plans to actively consider a two-year consumption tax exemption on food and beverages, stressing that fiscal policy will remain prudent and avoid undermining market confidence.
Yonhap Infomax
Takaichi’s rocky road ahead to eliminate consumption tax on groceries
Before the Feb. 8 Lower House election, Prime Minister Sanae Takaichi pledged to eliminate consumption tax on groceries for two years. How will she deliver?
The Japan TimesA senior Centrist Reform Alliance official has suggested the party will consider whether to join a proposed national congress for talks on issues including a possible consumption tax cut.
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CRA to study joining national congress on consumption tax cut
Shinji Inoue, deputy secretary-general of the ruling Liberal Democratic Party, said he wants 'as many parties as possible' to join the national congress.
The Japan Times
Japan investors remain wary Takaichi will spur another meltdown
Worries that she would add to Japan’s mountain of public debt prompted yields to spike last month to the highest levels in decades.
The Japan Times
After stunning win, Takaichi looks to suspend food tax and revise Constitution
Suspending the consumption tax on food items and revising the Constitution will take time, which may prove challenging for a prime minister who often speaks of moving with urgency.
The Japan Times