AMPONTAN

Japan from the inside out

Ichigen koji (98)

Posted by ampontan on Wednesday, April 11, 2012

一言居士
- A person who has something to say about everything

Whether it is the result of confrontation or discussion between the DPJ and LDP, a Diet dissolution and general election in June is probably unavoidable. What will the issue in that election be? It will undoubtedly be Prime Minister Noda’s consumption tax increase, but what is LDP President Tanigaki doing? During the campaign for the 2010 upper house election, Mr. Tanigaki said, “As a responsible opposition party, we must resign ourselves to a consumption tax at the 10% level.” Yet now he is complaining about a consumption tax increase and demanding the Diet be dissolved. His opposition to a consumption tax increase is nothing more than a procedural argument: the DPJ said they would not raise the consumption tax during their (four year) term. The once-dominant party is now driven only by political crisis. How they have fallen.

The DPJ is calling for reform that integrates social welfare with the consumption tax, but they will introduce a bill only to raise the tax, divorced from a pension scheme. If the bill passes, no means have been created for accepting the increase in revenue. At first, it will most likely be used to offset the fiscal shortfall. If that happens, it would be just as the Finance Ministry planned it.

- Yayama Taro

Earlier this week, the LDP said that one part of their next election manifesto would be a call to raise the consumption tax to 10% “for now”.

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