Arab Today, arab today japan pm in 11thhour bid to save tax hike plan
Last Updated : GMT 03:08:21
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.

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 Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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