Arab Today, arab today japan pm in 11thhour bid to save tax hike plan
Last Updated : GMT 09:00:32
Arab Today, arab today
Arab Today, arab today

Japan PM in 11th-hour bid to save tax hike plan

Arab Today, arab today

Arab Today, arab today Japan PM in 11th-hour bid to save tax hike plan

Tokyo - AFP

Japanese Prime Minister Yoshihiko Noda scrambled Wednesday to save his prized consumption tax bill after the main opposition threatened to withdraw support unless a general election is called. He was forced to promise to hold an election \"in the near future\" once the legislation cleared the final hurdle in parliament as the opposition Liberal Democratic Party (LDP) stepped up its political manoeuvring. Noda had looked to be on the home straight of a long and difficult bid to double sales tax and help plug Japan\'s gaping budgetary hole with a final upper house vote on the legislation pegged for Wednesday. The premier formally made the pledge late Wednesday when he met the top leaders of the LDP and its junior partner New Komeito who have pressed him to dissolve the lower house as soon as possible and call an early election. \"We have agreed to aim for an early passage of the bill,\" Noda told reporters after meeting LDP chief Sadakazu Tanigaki and New Komeito head Natsuo Yamaguchi. \"After the passage of the bill, we will seek a public mandate in the near future,\" Noda added, but he refused to give any specific timetable for the polls. Noda, a former finance minister, has put his political life on the line to hike the five-percent consumption tax in what experts have hailed as a sensible way for Japan to begin tackling its huge mountain of debt. The measure passed the powerful lower house in June with support from the LDP and New Komeito, with Noda riding out a rebellion in his fragmenting Democratic Party of Japan (DPJ). But the LDP has since sought to exploit the sliding popularity of the premier and his party by raising the price of its support in the upper house of the Diet where the government does not have a majority. Koriki Jojima, the DPJ\'s Diet affairs chief, met with his counterparts from the LDP and New Komeito Wednesday morning and requested a meeting among the leaders of the three parties to break the impasse. Noda would tell them \"he will go to the polls in the near future upon the enactment of the legislation\", Jojima told reporters. But his LDP counterpart Fumio Kishida said the offer was short of the mark. \"We cannot accept the expression, \'the near future\'. I don\'t see any change from what the prime minister has said in the past,\" he said. The plan to raise consumption tax to help cover ballooning welfare costs was originally proposed by the LDP, which now finds itself treading a fine line between pressing its political advantage and being seen as naked opportunists. A shrinking workforce and a chronically stagnant economy have weighed on Japan\'s tax base, where public debts have bloated to levels unseen elsewhere in the industrialised world.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan pm in 11thhour bid to save tax hike plan Arab Today, arab today japan pm in 11thhour bid to save tax hike plan

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan pm in 11thhour bid to save tax hike plan Arab Today, arab today japan pm in 11thhour bid to save tax hike plan

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday