Tax & Spend
Japan’s Opposition Parties Play Down Concerns Over Tax-Cut Plans
An election notice board displaying posters of candidates for the Upper House elections, in Kobe.
Photographer: Buddhika Weerasinghe/Getty Images
Japan’s opposition parties played down concerns over plans to cut taxes that have contributed to recent rises in bond yields ahead of Sunday’s upper house election.
Representatives of each party defended their respective policy platforms, broadly saying their election pledges would remain unchanged and arguing that their tax plans are fiscally sustainable, in response to questions from Bloomberg News.