dpj Archive
DPJ Suffers Crushing Defeat; LDP Wins Most Seats
The loss seems to have been over the proposed sales tax increase, which would have been a strong negative for GDP, so this result is equity friendly: “Public support for the DPJ rebounded when Kan took, but tumbled quickly after he floated a rise in the sales tax from 5 percent to
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Japan
Government Spending, Japan, Politics
Aug 31, 2009
[Skip to the end] Nothing hopeful here: The DPJ won power for the first time yesterday on a pledge to support households battered by two decades of economic stagnation. Hatoyama has also committed to avoid increasing government bond issuance, leaving his main initiative as a redistribution of the former Liberal Democratic Party
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