Kobayashi, City in Kyushu, Japan

Tokyo, Oct 14 Japan's new Prime Minister Fumio Kishida on Thursday dissolved the House of Representatives, paving the way for a general election on October 31 after the four-year term of the lower house members expires on October 21.In Japan's post-war history, this will be the first time that a general election is scheduled after the term has expired, reports Xinhua news agency.In addition, the period between the dissolution of the lower house and the voting day will be the shortest.Kishida won the presidential election of the ruling Liberal Democratic Party (LDP) on September 29 and was elected as Prime Minister on October 4 in Parliament controlled by the LDP-led coalition.Kishida wishes to garner wider public support in the general election for his policies to recover the battered economy from the pandemic and to enhance its Covid-19 response.He has said that an economic package worth "tens of trillions of yen" is in preparation to help people and businesses suffering from the pandemic.In his first policy speech, Kishida vowed to achieve economic growth for the country with his "new form of capitalism" and redistribute the fruits of that success to build up a stronger middle class.However, he has recently emphasized that Japan needs to first realize economic growth before redistributing wealth.According to a Kyodo News survey, the approval rating for Kishida's Cabinet shortly after its launch stood at 55.7 per cent.Kishida's pledge to reduce wealth disparities has already been doubted after he expressed to delay his plan to consider raising the rate of capital gains tax.The Constitutional Democratic Party of Japan (CDPJ) has stressed that Japan could not achieve steady economic growth and poverty reduction unless the redistribution of wealth completes first.The party vowed to increase taxes on rich individuals and large companies while easing the burden on lower- and middle-income households.The CDPJ has called for a temporary lowering of the consumption tax from the current 10 per cent to 5 per cent and effectively exempting people who earn less than around 10 million yen ($88,063) annually from paying income tax.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

KobayashiFOLLOW

Kobayashi, Latest News

Japanese silver grass is a landscape symbol during autumn in Japan. It is the landfill over the site of Yatozawa disposal site in Hinode town of Tokyo and now the original scenery is full of nature. It is home to many precious creatures and insects. ...

New Delhi, Oct 15 Armed Forces and scientists have emerged as the most trustworthy citizens in India, while ... ...

Ambassador of Japan to India Satoshi Suzuki on Thursday inaugurated the Centre for Japanese language, Centre of Excellence, Internship, and Mitsubishi CSR Programme for Sports at Kalinga Institute of Industrial Technology (KIIT) in Bhubaneswar. ...

Ambassador of Japan to India Satoshi Suzuki on Thursday inaugurated the Centre for Japanese language, Centre of Excellence, Internship, and Mitsubishi CSR Programme for Sports at Kalinga Institute of Industrial Technology (KIIT) in Bhubaneswar. ...

Bhubaneswar, Oct 14 An investors' delegation from Japan along with India's Foreign Secretary Harsh Vardhan Shringla on Thursday ... ...

New Delhi, Oct 14 The Indian women's badminton team crashed out of the Uber Cup after losing to ... ...

New Delhi, Oct 14 Worldwide PC shipments totaled 84.1 million units in the third quarter of 2021, an ... ...

Tokyo, Oct 14 Japan's new Prime Minister Fumio Kishida on Thursday dissolved the House of Representatives, paving the ... ...