Editorial

16:12 JST, November 22, 2024

While it is necessary for the ruling and opposition parties to discuss policies, it is not acceptable for the ruling coalition to simply accept demands from the opposition side. The ruling and opposition parties should create a cooperative framework in which they take responsibility for shared policies, including measures to secure financial resources to implement them.

The ruling Liberal Democratic Party, its coalition partner Komeito and the opposition Democratic Party for the People have agreed on the contents of comprehensive economic measures. Reflecting a DPFP demand, the measures include an increase in the ¥1.03 million annual income threshold for the imposition of income tax — the so-called ¥1.03 million barrier. A policy to consider reducing the gasoline tax was also included.

The government plans to submit a supplementary budget proposal focusing on the economic measures to the extraordinary Diet session to be........

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