Policies Ahead
Following a landslide victory in the Lower House election, Prime Minister Sanae Takaichi had a press conference on February 9 th . She stressed her intention to implement policies, which she had already announced, including consideration of consumption tax cut or constitutional amendment. To reinforce her administration, Takaichi asked Japan Innovation Party (JIP) to join her cabinet. To discuss consumption tax cut, Takaichi is going to establish a “national conference,” which would consist of lawmakers beyond party line. She hopes to discuss her idea that consumption tax rate will be zero on foods for two years without issuing governmental bonds for it. JIP has the same policy. The conference will be participated by parties which can accept introduction of refundable tax credit. Takaichi aims at wrapping up an interim report by early summer. On enhancement of controlling intelligence in the government, Takaichi is going to establish National Intelligence Bur...