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In his first appearance for questions in the Upper House on Tuesday, Prime Minister Fumio Kishida defended his recent decision to backtrack on an earlier pledge to seek a change to the capital gains tax and offered little in the way of details on new policy measures, despite the looming Oct. 31 general election.

During last month’s Liberal Democratic Party presidential campaign, Kishida’s platform included an economic policy aimed at growth and redistribution as part of a larger plan to raise incomes by 2030. Seeking a capital gains tax, he said, would aid in distributing the benefits of economic growth. But in a policy speech Friday, Kishida omitted the idea and the plan itself, inviting criticism from the opposition.

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