INTERVIEW: DPFP Highlights "Household First" Economic Policy

Politics

Tokyo, July 9 (Jiji Press)--The Democratic Party for the People is placing a "household first" economic policy at the center of its campaign for the July 21 House of Councillors election, according to party leader Yuichiro Tamaki.

"Stubbornly slow consumption indicates the weakest point of Abenomics (Prime Minister Shinzo Abe's reflationary policy agenda), as well as its limitations," Tamaki said in a recent interview.

"We're advocating a 'household first' economic policy to enrich household purses and realize sustainable economic growth," he stressed.

Tamaki reiterated his party's opposition to the consumption tax hike from 8 pct to 10 pct in October this year, while insisting that a tax cut should be considered without reservation if the need for one emerges.

Meanwhile, he argued that the Abe administration is trying to cover up the truth behind Japan's public pension system, as it has not yet released a five-yearly review report on public pension finances this year.

[Copyright The Jiji Press, Ltd.]

Jiji Press