Deals
Japan’s Opposition Unveils ‘Yurinomics’ Platform to Challenge Abe
- Party of Hope unveils manifesto ahead of Oct. 22 election
- Proposes tax on corporate cash reserves, no more nuclear power
Natixis Says Election Will Be Tough for Abe
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Tokyo Governor Yuriko Koike’s opposition party said it may impose taxes on large companies’ cash reserves and permanently rid Japan of nuclear power as it unveiled a slew of campaign promises on Friday ahead of an Oct. 22 election.
In a manifesto dubbed “Yurinomics” -- a counter to Prime Minister Shinzo Abe’s “Abenomics” platform highlighted by large injections of liquidity -- Koike vowed to freeze a consumption tax increase, end discrimination against homosexuals and protect abandoned pets. Her Party of Hope plans to maintain Abe’s unprecedented monetary easing for the time being, while working with the Bank of Japan to seek a smooth exit strategy.