Japan Ruling Parties Broadly Agree on Funds Law Revisions

Tokyo, May 9 (Jiji Press)--Japan's ruling Liberal Democratic Party and its junior coalition partner, Komeito, on Thursday broadly agreed on proposals for revising the political funds control law in the wake of a high-profile slush funds scandal involving LDP lawmakers.

The two sides agreed that political funds statements will specify how policy activity funds provided by political parties to member lawmakers were used.

Under the agreement, lawmakers will report to their parties how they used policy activity funds. The parties will record the usages in political funds statements.

The LDP and Komeito agreed to expand the scope of disclosure of the names of buyers of fundraising party tickets. But they failed to decide to what extent they will do so.

"We'll work on details further," LDP Secretary-General Toshimitsu Motegi told reporters, referring to the newly struck agreements.

[Copyright The Jiji Press, Ltd.]