logo
Lawmakers' average income flat at ¥25.13 million

Lawmakers' average income flat at ¥25.13 million

Japan Times5 hours ago
The average income of Japanese lawmakers in 2024 stood at ¥25.13 million ($174,679), almost unchanged from the previous year, both chambers of the parliament said Monday.
The top earner among Diet members was Kenji Nakanishi of the ruling Liberal Democratic Party with ¥662.45 million, mostly from capital gains and dividends from his shareholdings.
Four lawmakers earned over ¥100 million, and all of them were LDP members.
The highest income among opposition party lawmakers was ¥87.54 million, earned by Kenko Matsuki of the leading opposition Constitutional Democratic Party of Japan.
By party, the LDP had the highest average income, at ¥28.22 million, followed by the Democratic Party for the People, at ¥24.64 million, Nippon Ishin no Kai, at ¥23.08 million, and the CDP, at ¥21.88 million.
Among the members of Prime Minister Shigeru Ishiba's Cabinet, Finance Minister Katsunobu Kato was the top earner, at ¥225.93 million. Kato earned ¥199.31 million from the sale of land inherited from his parents.
Chief Cabinet Secretary Yoshimasa Hayashi came second, at ¥33.09 million, followed by digital transformation minister Masaaki Taira, at ¥32.86 million. Ishiba, also LDP president, ranked fourth among the Cabinet members with ¥30.41 million.
Ishiba was the top earner among the leaders of eight Japanese political parties, followed by Tetsuo Saito, chief of Komeito, with ¥28.25 million, and Yuichiro Tamaki, leader of the Democratic Party for the People, with ¥25.84 million.
The income of Ishiba was pushed up by growth in miscellaneous income, including writing, speaking and television and radio appearance fees, and royalties, according to the reports on lawmakers' incomes for last year.
The average income of lawmakers was ¥26 million for the House of Representatives, the lower chamber of the Diet, and ¥23.87 million for the House of Councilors, the upper chamber.
The tally covered 339 Lower House lawmakers and 233 Upper House members, who held their seats throughout 2024.
The income of Diet members is disclosed every year under the law on disclosure of lawmakers' assets, which was enacted in 1992.
Supplementary reports, required to declare newly acquired assets, were submitted by 80 Lower House members and 85 Upper House members. Reports listing the names of companies and organizations from which lawmakers received compensation were also released.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Japanese parties' election campaigning swings into gear
Japanese parties' election campaigning swings into gear

Japan Times

time2 hours ago

  • Japan Times

Japanese parties' election campaigning swings into gear

Leaders of ruling and opposition parties took to the streets to canvass for votes on Friday as they entered full-fledged campaigning for the July 20 Upper House election. In speeches on the second day of the official campaign period for the Upper House election, party leaders focused on issues such as inflation and rice shortages. Prime Minister Shigeru Ishiba, who leads the ruling Liberal Democratic Party, emphasized the importance of increasing rice production in a dialogue with local farmers in Shirakawa, Fukushima Prefecture. In a stump speech, Ishiba touted his ruling coalition's campaign pledge to provide cash benefits ranging from ¥20,000 to ¥40,000 per person to help cushion the impact of higher prices on households, saying this was "not pork barreling." Later, the prime minister visited Wajima, Ishikawa Prefecture, which was hit hard by a major earthquake in January 2024, and pledged to make Japan the world's leading disaster-resilient nation. "Which party will discuss disaster prevention in an election?" he said. "I wonder where there is a party that can talk responsibly about medical services, pensions, nursing care and child-rearing," he said, emphasizing that the LDP will take responsibility for the country's future. Mitsunari Okamoto, policy chief at Komeito, the LDP's coalition partner, touted the ruling bloc's cash benefits plan in a speech in Asaka, Saitama Prefecture, saying the payments "may not be sufficient but we hope they will help people cope with rising prices." In a stump speech in the city of Kumamoto, Yoshihiko Noda, head of the major opposition Constitutional Democratic Party of Japan, criticized the ruling bloc's refusal to abolish the provisional gasoline tax. "It's quite natural to abolish (the tax) amid higher inflation," he said. Hirofumi Yoshimura, leader of Nippon Ishin no Kai, another opposition party, vowed in a speech in Ashiya, Hyogo Prefecture, to defeat politicians who believe in handouts to solve problems. Yuichiro Tamaki, head of the opposition Democratic Party for the People, campaigned in the city of Fukuoka and emphasized that providing the benefits alone "will not lead to a lasting sense of security." Meanwhile, Akira Koike, head of the secretariat of the Japanese Communist Party, visited the city of Fukushima and blamed the LDP's past push to reduce rice production for soaring prices.

Japan eyes 'golden share' as condition for aid to Rapidus
Japan eyes 'golden share' as condition for aid to Rapidus

Japan Times

time2 hours ago

  • Japan Times

Japan eyes 'golden share' as condition for aid to Rapidus

The industry ministry on Friday announced a plan for the government to hold a veto-wielding "golden share" in exchange for financial aid to companies such as Rapidus, which aims to realize domestic production of next-generation semiconductors. Golden shares in the companies will be held by the Information-Technology Promotion Agency, an independent administrative agency under the industry ministry. Parameters of the golden shares will be drawn up by companies and then screened by the ministry. Companies capable of producing semiconductors with a circuit line width of up to 2 nanometers in the country by the late 2020s will be eligible for government aid. In addition to granting the government a golden share and some voting rights, companies that receive government aid will also be required to raise funds from the private sector as much as possible. The government has already decided to provide more than ¥1.7 trillion to Rapidus. It plans to sell Rapidus shares received in exchange for the aid at an appropriate time, based on the company's stock price and management situation. It will also provide debt guarantees, which will be only partial to prevent the company from becoming too dependent on government support. The ministry will begin accepting applications for some ¥100 billion in aid around this summer or autumn.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store