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.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.