US EditionJapan PM Takaichi's party poised for landslide victory, poll shows
The Liberal Democratic Party is projected to exceed 233 seats, securing a mandate for fiscal expansion with spending increases and tax cuts, raising investor concerns over debt.
- Asahi's survey projects the ruling alliance with the Japan Innovation Party will reach 300 seats in the Feb 8 snap election after parliament was dissolved last month.
- With a slim lower-house majority, Takaichi dissolved parliament last month to seek a mandate after pledging to suspend an 8% food sales levy, sparking a market rout.
- Market strategists noted Japanese government bond yields rose on Feb 2 as investors priced in the chance Takaichi could secure an electoral mandate, with Tsuruta warning a tax cut becomes likelier.
27 Articles
27 Articles
Overseas Media Criticize Japanese Parties’ Plans to Lower Consumption Tax, Including PM Takaichi’s Temporary Cut Proposal
LONDON/BRUSSELS — Many overseas media outlets have criticized the pledges being made by Japan’s major political parties to cut the consumption tax rate in their campaigns for the upcoming House of Representatives election scheduled for Feb. 8. The foreign media see as problematic that while the Japanese government’s expenditures for social security are ballooning, it would lose a huge amount of revenue and the nation’s fiscal condition would wor…
Takaichi's party poised for landslide victory, poll shows
Japanese Prime Minister Sanae Takaichi's party is likely to score a landslide victory in next week's lower house election, a survey by the Asahi newspaper showed, heightening the chance the country will continue to pursue big spending and tax cuts. A strong showing in Sunday's election would solidify Takaichi's grip…
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Bias Distribution
- 42% of the sources lean Right
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