LDP eyes cellphone, pachinko prize taxes

Aug 11, 2014

LDP eyes cellphone, pachinko prize taxes

Some members of the ruling Liberal Democratic Party are considering seeking taxes on mobile phone owners and the pachinko industry to cover a chronic shortage of government revenue. With the balance of government debts at a record ¥1.04 quadrillion at the end of June, ...

GPIF needs governance fix before asset change, LDP exec says

Aug 6, 2014

GPIF needs governance fix before asset change, LDP exec says

As the world’s biggest pension manager moves closer to putting more money in risky assets, the Liberal Democratic Party’s deputy policy chief says the fund needs to change its governance first. The Abe administration should submit a bill during the next Diet session to ...

Jul 23, 2014

Powerful DPJ members call for new leadership vote

Democratic Party of Japan bigwigs, including former Deputy Prime Minister Katsuya Okada, called Tuesday for an early election for the leadership of the opposition party. At a key party meeting, Okada and former Defense Minister Toshimi Kitazawa said the current leadership team led by ...

Jul 23, 2014

Hokkaido politician quits after causing trouble on flight

A member of the Hokkaido Prefectural Assembly resigned Tuesday after causing trouble on an international flight. “I apologize for the blunder,” Yasunori Obata, 65, from the ruling Liberal Democratic Party, told a news conference. His resignation was immediately accepted by the assembly speaker. According ...

Jul 21, 2014

Japanese wines may get boost in LDP plan

The ruling Liberal Democratic Party is looking at establishing legislation designed to boost the international competitiveness of Japanese wine. Under the proposed legislation, the government would issue certificates of origin for wine and guarantee product quality if wine made from domestically grown grapes meets ...