Backup Capital Bill Enacted with Slight Margin
After intensive negotiation beyond the aisle, the Upper House of the Diet approved Backup Capital Act on July 24 th . The law was enacted. The leading coalition was successful in securing majority with a slight margin, supported by some opposition or independent lawmakers. The bill has strongly been pushed by Japan Innovation Party (JIP), the coalition partner of the Liberal Democratic Party (LDP). Prime Minister Sanae Takaichi promoted the bill to keep JIP in the leading coalition. The Backup Capital Act is to build a local government that has function of national capital, in case Tokyo loses its control with natural disaster or other occasion. It also aims at constructing economic centers in the context of decentralization of Japanese businesses. A candidate for backup capital needs to have certain amount of population, accumulation of business sectors and branches of national government, as well as agreement of coordination between prefectural government and city...