Jisedai no To, or the "Party For New Generations" established by conservative lawmakers including former Tokyo Gov. Shintaro Ishihara, unveiled its basic policies Thursday, including drafting a new Constitution and denying non-Japanese residents the right to vote in any election, national or local.

The policies were drafted along "neoconservatism" lines — what the party described as a mix of conservative security policies, stricter immigration laws and advocacy of traditional values on the one hand, and "liberalism" in economic areas on the other, such as pursuing regulatory reform.

The basic policy of the party, which broke away from Osaka-based Nipon Ishin no Kai (Japan Restoration Party), is quite similar to the Liberal Democratic Party in terms of the Constitution and national security, which could give the ruling party a boost in pursuing its goals.