- Calls are increasing in Japan for an economic stimulus package, including a consumption tax cut, due to US tariffs.
- Ruling party officials are advocating for a tax cut as a key policy for the upcoming election.
- Government officials are cautious about the impact on state finances and are trying to manage the situation.
- Prime Minister Ishiba is considering additional economic measures and has discussed the need for strong measures against high prices.
- Komeito, the coalition partner of the ruling party, is open to discussing tax cuts.
- The ruling Liberal Democratic Party is facing pressure due to economic challenges and scandals.
- Opposition parties, including the Constitutional Democratic Party, Japanese Communist Party, and Reiwa Shinsengumi, support a tax cut.
- Yuichiro Tamaki of the Democratic Party for the People proposed income tax cuts and removing the gasoline tax surcharge.
Source: business.inquirer.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
