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Kato, Ishiba, and Other LDP candidates unveil economic policies for Presidential race

Former Chief Cabinet Secretary Kato has made "doubling the nation's income" his central policy goal. Announcing his candidacy on September 10, Kato emphasized his determination to achieve significant income growth quickly. His approach includes supporting wage increases and reskilling initiatives to narrow income gaps, particularly between men and women, reflecting his commitment to addressing wage disparities.

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LDP Presidential race heats up: Ishiba advocates for higher financial income tax While Kobayashi 0pposes

Former LDP Secretary-General Shigeru Ishiba, who is a leading contender for the party’s top post, voiced strong support for increasing financial income tax during an appearance on BS Nippon Television on September 2nd. Ishiba argued that implementing such a tax was initially suggested by Prime Minister Fumio Kishida and expressed disappointment over what he perceives as a retreat from this policy. "I want to implement it," Ishiba declared, stressing the need for a serious discussion about the potential consequences. He acknowledged concerns that higher taxes might drive wealthy individuals to relocate abroad, yet maintained that a comprehensive debate is necessary to assess whether such an outcome would indeed materialize.