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Japan’s main opposition calls for ‘wealth distribution first’ ahead of election By Reuters


© Reuters. Yukio Edano, leader of Japan’s biggest opposition party, Constitutional Democratic Party of Japan (October 14, 2021), speaks in a group interview. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters – Japan’s largest opposition group, the Constitutional Democratic Party of Japan (CDPJ), stated on Thursday that it will work to narrow the income gap by distributing wealth if it is elected in October 31 elections.

Fumio Kishhida, Japan’s Prime Minister and also Head of the Liberal Democratic Party is echoing this position. This blurred the lines between CDPJ (and the LDP) in advance of the lower house election.

“Wage rises and distribution when growth has been achieved. Shinzo Abe, the former prime minister, said this. “But there wasn’t any growth over the past 8-9 years, and there were no wage rises,” Yukio Edano, chief of CDPJ, told reporters. It is impossible to achieve growth if we do not distribute wealth first. This distinction (between them) is quite clear.

Edano answered a question about whether the CDPJ could replace the LDP as the ruling party in the election and said that the CDPJ would have the same chance as U.S. Major League baseball’s Shohei Oktani’s batbatting average.

He is a great player and we watch eagerly as he hits a home run. He said that he believes people can have the same level of anticipation.

Ohtani has a batting average at.257. He is proving his abilities to hit and pitch at an elite level in the Los Angeles Angels.

NHK, a public broadcaster, conducted a poll of voters Monday and showed that 6.1% of respondents supported CDPJ. That is far less than 41.2% for the LDP.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.