Koichi Hamada, an adviser to Prime Minister Shinzo Abe, said that he was cautious about increasing Japan’s sales tax soon, signaling Abe will face debate over the planned move after a forecast election victory this weekend.
Japanese Prime Minister Shinzo Abe is set to win control of both houses of parliament, giving his Liberal Democratic Party-led coalition the strongest grip on power since 2007. Winning the election will be the easy part.
The head of Japan’s largest opposition party said Prime Minister Naoto Kan should quit over his handling of last month’s earthquake and the ongoing nuclear crisis, signaling less cooperation on recovery efforts.
The leader of Japan’s main opposition party said a coalition with Prime Minister Yoshihiko Noda’s ruling party remains unlikely after the two cooperated on legislation to double the national consumption tax.
Japan is set to pass legislation tomorrow to raise the sales tax after the main opposition party failed in a bid to force Prime Minister Yoshihiko Noda to set an election date in exchange for support on the bill.
Yoshihiko Noda has accomplished more than Japan’s five previous prime ministers in his first year in office. He may still lose his job, after dividing his party, outraging anti-nuclear activists and raising taxes.
Prime Minister Naoto Kan , battling what he called Japan’s worst crisis since the end of World War II, plans a post-earthquake rebuilding package, a step that may worsen the challenge of curbing the world’s biggest public debt.