Japan PM to instruct ruling coalition to consider income tax cut

Prime Minister Fumio Kishida will instruct ruling party executives as early as Friday to consider cutting income tax as a temporary measure to achieve his goal of redistribution, sources with knowledge of the plan said Thursday.

Kishida is seeking to make it a key feature of an upcoming inflation-relief package that his Cabinet now plans to formalize on Nov. 2, the sources said, at a time when his public support has tumbled to a new low.

The ruling Liberal Democratic Party and its junior coalition partner Komeito will hash out details of the package in the coming days, with their focus on how ...