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Japanese businesses urge active policy debate in run-up to election

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Masakazu Tokura, chairman of the Japan Business Federation, Japan's most influential business lobby also known as Keidanren, expressed the group's unequivocal support for the LDP.

"We highly value Mr Kishida's vision of a 'new Japanese capitalism'" focusing on growth and distribution, he said. "I look forward to the continuation of stable politics led by the LDP."

Keidanren wants the "vigorous debate" to be on the topics of the amount of subsidies their associated businesses will receive and what tax incentives they will receive to possibly consider an 11 yen across the board increase on salaries.

They already nixed debate on redressing the decades of their wage suppression and capital accumulation by a slight dip in the market and expressions of concern that caused Kishida to fold on his promises of a new form of capitalism faster than an origami crane.

9 ( +9 / -0 )

I guess they don't realize that their long-running wage-suppression policies are the major root cause of the problems they are railing against (while obliquely blaming the politicians).

"come up with a long-term outlook for fiscal reconstruction"

You want to balance the books? Sure, so let's take money out of the massive surplus held by the private sector and give it to the indebted government sector. Is that really what you want?

3 ( +5 / -2 )

Why are just the wishes of business leaders and organizations always reported. What would labour groups like to see the political parties do? What about environmental organization, with the existential threat of the climate emergency? How about the wishes of women's organizations, given the pathetic condition of women's participation in Japanese politics.

We know what the capitalists want--greater short-term and long-term profits--and we know they can get what they want with their greater ability to donate and to lobby. Do we need to always read about their wishes?

7 ( +8 / -1 )

"I would like each political party to firmly present major differences (in their policies) and make clear how to finance and shoulder the burden" of implementing such policies.

Wouldn't we all!

7 ( +7 / -0 )

Why are they still using “urge” in 2021 when the J Govt has done everything in the last 2 years to dismantle any effect the word once had? - The first line of the article is seems much more effective:

calling for vigorous **policy debate **”

4 ( +5 / -1 )

not that anything will come of it.

3 ( +4 / -1 )

highly value Mr Kishida's vision of a 'new Japanese capitalism…

look forward to the continuation of stable politics led by the LDP

Sounds quite contradicting, doesn’t it.

5 ( +5 / -0 )

@Sven AsaiToday  

highly value Mr Kishida's vision of a 'new Japanese capitalism…

look forward to the continuation of stable politics led by the LDP

Sounds quite contradicting, doesn’t it.

You beat me to it. That's indeed an oxymoron.

How highly J-inc. valued was Kishida's vision of a "new Japanese capitalism" showed when the market tanked.

J-inc. wants to insure that it will be the plebs that will get shafted and that their own rears are sitting in the same cushy seats (courtesy the LDP) as they always did, nothing more.

4 ( +4 / -0 )

To think that the Japanese economy (after seeing meteoric growth) and that Japanese businesses are still paying workers the same salaries or less that were received in the nineties is just unbelievable.

What is more unbelievable is that people in Japan do not seem to register how poorly off they are.

4 ( +5 / -1 )

"I would like each political party to firmly present major differences (in their policies) and make clear how to finance and shoulder the burden" of implementing such policies, said Kengo Sakurada, chairman of the Japan Association of Corporate Executives.

Masakazu Tokura, chairman of the Japan Business Federation, Japan's most influential business lobby also known as Keidanren, expressed the group's unequivocal support for the LDP.

"We highly value Mr Kishida's vision of a 'new Japanese capitalism'" focusing on growth and distribution, he said. "I look forward to the continuation of stable politics led by the LDP."

Debate or not, Keidanren strongly supports the LDP.

So, what's the need for a debate. For the LDP to pick up and implement good ideas form other parties.

The problem in Japan is that businesses do not keep neutral and finance the different political parties

1 ( +1 / -0 )

I would like each political party to firmly present major differences (in their policies) and make clear how to finance and shoulder the burden"

I agree political parties in Japan need to clearly declare their policies - and show they match with economic principles and help people's lives - not just spout a slogan.

2 ( +2 / -0 )

Keidanren, expressed the group's unequivocal support for the LDP.

This kind of group think collusion is a feature of Japanese culture from hundreds of years ago.

But after decades of stagnation Japan is surely approaching one of those critical points in time when the demands for reform bubble over and the status quo is disrupted.

Japan needs change, a reform big bang that will level the playing field again, for the first time in many decades.

2 ( +2 / -0 )

Wages haven't gone up in Japan for about 30 years! It's amazing that the LDP has survived so long. I guess bashing South Korea for votes has worked for the LDP gang but certainly not for the people of Japan.

-1 ( +2 / -3 )

The similarities between the CCP in China, the criminal Kim family in North Korea, and the criminal LDP gangsters in Japan is that they all suppress real debate through their control of the media in their countries.

-3 ( +1 / -4 )

Businesses had better get this done efficiently before they get a incompetent new Prime-minister.

0 ( +0 / -0 )

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