Latest news with #TetsushiSakamoto
Japan Times
13-05-2025
- Business
- Japan Times
LDP and Komeito agree to draft supplementary budget before autumn session
Senior officials of the ruling Liberal Democratic Party and its coalition partner, Komeito, agreed Tuesday on the need to draft a supplementary budget before a possible extraordinary session of the Diet this autumn. The supplementary budget is expected to fund measures to deal with inflation and the impact of U.S. President Donald Trump's tariffs. The LDP-Komeito coalition plans to draw up economic measures, including subsidies to reduce electricity and gas bills for July to September, ahead of this summer's House of Councilors election. "We need a (supplementary) budget to strongly implement economic measures," LDP Diet affairs chief Tetsushi Sakamoto told reporters after meeting with his Komeito counterpart and the secretaries-general of both parties. Stay updated on the trade wars. Quality journalism is more crucial than ever. Help us get the story right. For a limited time, we're offering a discounted subscription plan. Unlimited access US$30 US$18 /mo FOREVER subscribe NOW The LDP and Komeito officials also agreed to include in the government's forthcoming basic economic and fiscal policy measures to reduce the financial burden of education and to tackle aging infrastructure, in the wake of a road collapse accident in the city of Yashio, Saitama Prefecture, in January. At the meeting, the Komeito side called for tax cuts and benefits to be considered as economic measures while keeping in mind financial sources. The LDP side did not respond to this, according to Sakamoto. In response to the day's LDP-Komeito agreement, Junya Ogawa, secretary-general of the main opposition Constitutional Democratic Party of Japan, said at a news conference that it will be "too late and irresponsible" to compile a supplementary budget this autumn.
13-05-2025
- Business
LDP, Komeito Agree to Draft Extra Budget before Autumn Session
News from Japan May 13, 2025 15:53 (JST) Tokyo, May 13 (Jiji Press)--Senior officials of Japan's ruling Liberal Democratic Party and its coalition partner, Komeito, agreed Tuesday on the need to draft a supplementary budget before a possible extraordinary session of the Diet this autumn. The supplementary budget is expected to fund measures to deal with inflation and the impact of U.S. President Donald Trump's tariffs. The LDP-Komeito coalition plans to draw up economic measures, including subsidies to reduce electricity and gas bills for July to September, ahead of this summer's House of Councillors election. "We need a (supplementary) budget to strongly implement economic measures," LDP Diet affairs chief Tetsushi Sakamoto told reporters after meeting with his Komeito counterpart and the secretaries-general of both parties. The LDP and Komeito officials also agreed to include in the government's forthcoming basic economic and fiscal policy measures to reduce the financial burden of education and to tackle aging infrastructure, in the wake of a road collapse accident in the city of Yashio, Saitama Prefecture, north of Tokyo, in January. [Copyright The Jiji Press, Ltd.] Jiji Press
07-05-2025
- Business
LDP, Komeito Aiming for Economic Measures before Election
News from Japan Politics May 7, 2025 13:19 (JST) Tokyo, May 7 (Jiji Press)--Senior officials of Japan's ruling Liberal Democratic Party and its coalition partner Komeito agreed Wednesday that new economic measures should be drawn up before this summer's House of Councillors election. Based on the agreement struck at a meeting of their secretaries-general and parliamentary affairs chiefs, the two parties are expected to advance talks on the matter while keeping a close watch on the course of Japan-U.S. negotiations on U.S. President Donald Trump's tariff measures. "We'll also consider tax cuts and cash benefits" as options, LDP parliamentary affairs chief Tetsushi Sakamoto told reporters after the meeting. "We need to take economic measures satisfactory to the public before the Upper House election." Komeito proposed a study on tax cuts as well as cash benefits to support low-income people, and the LDP showed an intention to put them on the agenda, according to Sakamoto. The LDP and Komeito officials also agreed on the need to strengthen the government's planned program to provide subsidies to help lower electricity and gas bills for July-September. [Copyright The Jiji Press, Ltd.] Jiji Press
Japan Times
24-04-2025
- Politics
- Japan Times
LDP plans to submit pension reform bill in mid-May
The ruling Liberal Democratic Party notified the main opposition Constitutional Democratic Party of Japan on Thursday that it plans to submit a pension system reform bill to parliament around mid-May. The CDP responded that it will prepare a no-confidence motion against welfare minister Takamaro Fukuoka if the LDP does not provide a specific submission date by Friday. Pension system reform is a key issue in the second half of the ongoing ordinary parliament session. On Thursday, LDP Diet affairs chief Tetsushi Sakamoto told his CDP counterpart, Hirofumi Ryu, that the ruling party has given up on submitting the bill this month but can submit it as early as mid-May. Ryu criticized the delay at the meeting, and later told reporters that his party would "begin preparations to submit a no-confidence motion if a specific submission date is not presented by tomorrow." The LDP's Health, Labor and Welfare Division held discussions on the matter the same day, but there remains strong opposition within the party to submitting the bill, wary of its potential impact on this summer's House of Councilors election. A draft bill included a plan to shore up basic pension benefits under the "Kokumin Nenkin" program by using funds from the "Kosei Nenkin" program. But many LDP members, especially those in the Upper House, are concerned that the plan could be criticized as misappropriation of Kosei Nenkin funds. The welfare ministry has signaled that it intends to remove the plan from the bill.
24-04-2025
- Business
LDP Plans to Submit Pension Reform Bill in Mid-May
News from Japan Politics Apr 24, 2025 19:07 (JST) Tokyo, April 24 (Jiji Press)--Japan's ruling Liberal Democratic Party notified the main opposition Constitutional Democratic Party of Japan on Thursday that it plans to submit a pension system reform bill to the Diet around mid-May. The CDP responded that it will prepare a no-confidence motion against welfare minister Takamaro Fukuoka if the LDP does not provide a specific submission date by Friday. Pension system reform is a key issue in the second half of the ongoing ordinary Diet session. On Thursday, LDP Diet affairs chief Tetsushi Sakamoto told his CDP counterpart, Hirofumi Ryu, that the ruling party has given up on submitting the bill this month but can submit it as early as mid-May. Ryu criticized the delay at the meeting, and later told reporters that his party would "begin preparations to submit a no-confidence motion if a specific submission date is not presented by tomorrow." [Copyright The Jiji Press, Ltd.] Jiji Press
