Three tests Ishiba must pass to survive in 2025
Prime Minister Shigeru Ishiba managed to survive 2024 following his Liberal Democratic Party's loss of a majority in the Oct. 27 Lower House election, which forced him to work with…
Ruling camp approves tax reform proposal
The coalition ruling on Friday approved an annual tax reform proposal for the next fiscal year starting in April, including an increase of the tax-free income threshold from ¥1.03 million…
DPP tax chief hints at termination of talks with Japan’s ruling bloc
The opposition Democratic Party for the People's tax chief on Monday hinted at the possible termination of discussions with the ruling bloc over the lifting of the minimum annual taxable…
Ruling bloc proposes ¥1.23 million minimum threshold for taxable income
The governing coalition on Friday proposed that the minimum annual taxable income be raised from the current ¥1.03 million to ¥1.23 million starting next year. The tax chiefs of the…
Ruling coalition and DPP strike last-minute deal over economic policy
With little time left, the ruling Liberal Democratic Party-Komeito coalition clinched an agreement with the opposition Democratic Party for the People on Wednesday over an economic stimulus package set to…
LDP eyes larger tax breaks for individual political donations
Japan's ruling Liberal Democratic Party is considering expanding tax breaks for individual political donations, people familiar with the matter said Thursday. The move is designed to lower the share of…
DPP leader clashes with governors over tax-free income limit
A political quarrel has broken out between Democratic Party for the People head Yuichiro Tamaki, who favors raising the tax-free income threshold, and his opponents, especially prefectural governors who fear…
LDP between a rock and a hard place in struggle to get DPP support
The Liberal ruling Democratic Party is stuck between a rock and a hard place over whether to raise the threshold for tax exemptions from the current ¥1.03 million ($6,740) —…
DPP Triumphs in Election with Focus on Taxes
Japan's political landscape is undergoing a significant transformation following the Liberal Democratic Party's (LDP) recent electoral setbacks. As the LDP grapples with declining support, smaller parties like the Democratic Party…
Taxes and political reform in focus in upcoming LDP campaign
A week before the race officially kicks off, candidates for the presidency of the Liberal Democratic Party are wasting no time, using every occasion to show the public they have…