Income from Fundraising Parties Declines
Ministry for Internal Affairs and Communications released a report on the balance of political funds in 2024 on November 28 th . It indicated that income from fundraising parties were significantly decreased, affected by kickback scandal in the Liberal Democratic Party (LDP), in which lawmakers received sales of party ticket from factions and did not report it. However, the report revealed that the LDP had heavily been relied on donations from business sector. The total amount of income of political parties or political organizations headed by politicians in 2024 was 4.6 billion yen, declined by 46.7 percent from the previous year. At the end of 2023, the kickback fund scandal was revealed and the parties and politicians became restraint from holding their fundraising parties. The fundraising parties with 10 million yen of each income or more held by political organizations headed by lawmakers were reduced from 279 to 170 in 2024. Total amount of the income w...