TOKYO (AP) — Japan's Prime Minister Fumio Kishida said Monday he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment, in what's seen as a move to lift his dwindling public support.
“I'm determined to take unprecedentedly bold measures,” Kishida said, pledging an intensive effort to achieve stronger supply capability in about three years.
“The results clearly show that many voters are dissatisfied by the government's delayed economic measures to tackle rising prices," said Jun Azumi, a senior CDPJ lawmaker.
“Now is the time for me to focus on that, and I'm not thinking about anything else,” Kishida said, denying that his tax cut proposal was related to elections.
The tax cuts would be part of a new economic stimulus package he plans to announce by the end of the month.
Persons:
—, Fumio Kishida, Kishida, “ I'm, ” Kishida, “, ”, Azumi
Organizations:
TOKYO, Liberal Democratic Party, Constitutional Democratic Party of Japan
Locations:
what's, Nagasaki, Sunday's, Kochi, Tokushima, Ukraine, Israel, China