Emperor Naruhito reads a statement to formally open a Diet session in the upper house in Tokyo on Monday. Photo: AP/Eugene Hoshiko
politics

Diet convenes 150-day regular session; gov't to submit 60 bills

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Wonder how many of the 60 bills will benefit the good people of Japan rather than the 'self-entitled.'

Not holding my breath.

9 ( +18 / -9 )

After these bills pass, two things are one hundred per cent certain

residents of Japan will pay more 2.more control and rules will be imposed on them.
0 ( +10 / -10 )

opposition to Kishida's abrupt proposal of raising taxes

Note, they mean raising tax rates, assuming that would increase tax revenues - which is often not the case.

It’s curious that Kishida’s admin has announced that from 2024 individual investors will be able to invest up to 18 million yen, and pay a 0% tax rate on the capital gains and dividends received.

That surely will reduce a big chunk of those existing tax revenues. How many people do you know who invest more than 18 million yen in stocks and the like?

Kishida should have cut the tax rate from 20% to say 5 or 10%. The lower tax rate would have attracted more investing, but not have squandered all tax revenues from such well-to-do investors.

And here they are, about to debate where to get money for defense spending from. Hello?

5 ( +8 / -3 )

Kishida should have cut the tax rate from 20% to say 5 or 10%. The lower tax rate would have attracted more investing, but not have squandered all tax revenues from such well-to-do investors.

When have you ever heard of or seen a sitting PM HERE in Japan make any proposals or introduce any bills to LOWER taxes? The LDP is conservative in name only when it comes to taxes, the higher the better, because they are playing with the people's money and dont care a bit about giving back to everyone.

10 ( +12 / -2 )

This is all a bunch of BS. The LDP controls both houses of the Diet with comfortable margins, and unless the Komeito walks out on them, these bills being debated will only be a formality.

3 ( +10 / -7 )

Doubling weapons spending & restarting and building new nuclear reactors....so much for Kishida supposedly being a dove.

Bet you he will try to tie any measures to raise funds for child reading support with the weapons spending so he can justify raising those taxes.

-3 ( +3 / -6 )

The LDP controls both houses of the Diet with comfortable margins

And they always will because the voters are basically serfs who do what they are told

-5 ( +5 / -10 )

With the majority of number controlled by the LDP and it’s allies this will only be a lip service for the media to retain a sparkle of democracy.

Japan doesn’t comprehend the conception or alternate parties like in a full democracy.

In the end as always nothing will change.

-5 ( +3 / -8 )

When have you ever heard of or seen a sitting PM HERE in Japan make any proposals or introduce any bills to LOWER taxes?

Well, that’s what their personal investment tax changes for next year are, really. But instead of merely lowering the rates, they eliminated tax entirely for investments up to 18 million yen.

This is in a country where many people are worried about being able to save 20 million yen for their retirement. And suddenly, the well-to-do will be able to invest 18 million, and pay no tax on it.

That is a tax rate cut effectively, but a reckless one, with not even a debate about the forgone revenues from a 0% tax rate.

The LDP is conservative in name only when it comes to taxes,

Well conservative in Japan still means thinking higher tax rates lead to higher revenues, although even from recent experience people here know that consumption suffered after a hike in the consumption tax rate.

There doesn’t seem to be any political party in Japan suggesting that tax rates should be low-rate (not zero though), and broad-based, which is the gold standard for good tax policy in my mind.

0 ( +1 / -1 )

Anyone know what exactly the 60 bills are ?

3 ( +3 / -0 )

It's hard to believe Kishida will be in the country long enough to even address the diet session. He's been all around the world banging the war drums for his US master's.

-3 ( +3 / -6 )

@Awa no Gaijin I am LOL finally you asked a question I can totally agree with. Lots of comments but... as you posted "What exactly are those 60 bills and what do they contain"?

Anyone know what exactly the 60 bills are ?

1 ( +1 / -0 )

I'm all for raising taxes if it gets spent on things that make society and people happy - like Scandanavian countries too. You know, parks with grass etc.

Won't hold my breath, though.

5 ( +5 / -0 )

I'm all for raising taxes if it gets spent on

Are you for raising tax rates if it lowers tax revenues, resulting in less money for spending?

It is one thing to be for raising tax rates, another to be for raising tax revenues.

-1 ( +0 / -1 )

@Awa no Gaijin I am LOL finally you asked a question I can totally agree with. Lots of comments but... as you posted "What exactly are those 60 bills and what do they contain"?

Anyone know what exactly the 60 bills are ?

Congratulations !

Now if there's anything intelligent or sophisticated that relates to my question that would be greatly appreciated

0 ( +1 / -1 )

Anyone know what exactly the 60 bills are ?

Good question!

2 ( +2 / -0 )

Japan dances to NATO's tune, just like Australia. They want war so you must buy arms. War is profitable, but you die. Too bad.

-3 ( +1 / -4 )

Anyone know what exactly the 60 bills are ?

Good question!

Iam curious if the general public know what these 60 bills are and how many of them will possibly be approved behind closed doors ?

Can anyone provide a list of those 60 bills to be approved?

Were like mushrooms growing in the dark !

0 ( +1 / -1 )

Apparently i cannot find anywhere what those 60 bills are !

Hmm...

1 ( +1 / -0 )

Apparently i cannot find anywhere what those 60 bills are !

So?

1 ( +1 / -0 )

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