Newly elected Liberal Democratic Party President Fumio Kishida, who is on course to become the next prime minister, has pledged that he will shift Japan away from neoliberalism — the pillar of the country's economic policy for nearly two decades.
Pointing to widening income inequality, Kishida, who still needs to win the upcoming Lower House election to ensure he stays on as the country's leader, has set as his priorities the redistribution of wealth and boosting people’s wages so more people can join the middle class.
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 this support page.
We humbly apologize for the inconvenience.
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.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
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.