As a council in the ruling Liberal Democratic Party considers an economic package without new fiscal spending, key party members are voicing doubts about such measures.At a regularly scheduled meeting of the party's key members Oct. 7, many called for introducing such measures as special income tax cuts and a supplementary budget, according to LDP Secretary General Koichi Kato.Masakuni Murakami, head of the LDP House of Councilors members, said it is necessary to consider a variety of measures, including fiscal ones, although reducing the fiscal deficit is important, Kato told reporters after the meeting.Hiromu Nonaka, acting secretary general, reportedly said a package that contains only measures such as those to decontrol land transactions cannot help restore consumer confidence.Kabun Muto said it may be a good idea to boost consumer spending by introducing income tax cuts for a limited period such as two years, according to Kato.
LDP quest to boost economy faces skeptics, tax cut calls
In a time of both misinformation and too much information,
quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUSTAINABLE JAPAN
SPECIAL SUPPLEMENTS
SUPPLEMENTS BINDER
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.