National / Politics

Kibo no To expected to get ¥503 million in subsidies in 2017, eclipsing opposition rival

JIJI

Tokyo Gov. Yuriko Koike’s Kibo no To (Party of Hope) is expected to receive ¥503 million in political subsidies for 2017, a Jiji Press survey has found.

Meanwhile, the Constitutional Democratic Party of Japan, launched by former Chief Cabinet Secretary Yukio Edano, is expected to net ¥437 million.

The two parties were established just before the Lower House election last month, absorbing members of the fractured Democratic Party.

Edano’s party garnered more seats than Koike’s party, but Kibo no To will receive more subsidies because it won more votes.

The total amount of subsidies to the ruling Liberal Democratic Party for 2017 is estimated at ¥17.6 billion, down 0.1 percent from the level before the election.

The DP will see its total decrease 9.6 percent to ¥7.89 billion.

The total planned political subsidies for the year will be set at ¥31.36 billion. The subsidies are paid in four installments, with this year’s remaining payment slated for December.

The year’s subsidies are estimated at ¥3.1 billion for Komeito, the LDP’s ally in the ruling bloc, down 1.0 percent; ¥1.06 billion for Nippon Ishin no Kai, up 5 percent; ¥392 million for the Social Democratic Party, down 0.6 percent; and ¥377 million for the Liberal Party, down 5.4 percent.

The Japanese Communist Party refuses the subsidies.

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