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 ...Read More

Japan

[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 ...Read More