Agriculture minister Shinjiro Koizumi used a news conference Saturday in Tokyo to unveil a raft of policies, including a push to make economic growth a top priority if he is elected as the next Liberal Democratic Party president.
“My role is to break through the conventional wisdom of economic management from the deflation era and build a new approach suited for the era of inflation,” Koizumi, 44, said, adding that he would aim to raise the average yearly wage by ¥1 million by fiscal 2030.
As a first step to ensure pay hikes outpace inflation, Koizumi said he will “immediately” submit a supplementary budget for fiscal 2025 to parliament focusing on measures to combat inflation. He also promised to abolish the provisional gasoline tax as soon as possible — legislation that opposition parties have long supported.
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