This
time, let us summarize the main parties’ policy on economic measures and growth
strategy based on the parties’ official platforms.
Liberal
Democratic Party
Komeito
Democratic
Party of Japan
Japan
Restoration Party
Party
for Future Generations
Japan
Communist Party
1.
Economic
measures
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LDP
|
Measures
considering the inflating fuel prices and reducing rice prices
l Specific measures to
be taken promptly (support to investment in new energy, appropriate
cost-transference of uprising cost, etc.)
l Emergent measures to
be taken promptly given the uprising fuel cost (support to highly
fuel-reliant industries such as agriculture and transport, expansion of
income insurance as safety net, etc.)
l Continuance of
reduced tax on housing loans, decreasing interest rates of loans of Housing
Support Agency, creation of residential eco-points, etc.
|
|
Komeito
|
Emergent
measures to stimulate recovery of individual consumption and investment in
eye of positive economic cycle
l Measures to deliver
fruits of economic growth to family, SME and local economy and to connect
corporate profits to employment and wages
l Support to low and
mid income brochures such as expansion of simple subsidy
l Support measures to
acquiring houses such as reducing housing loans
l Reconsideration of
the green tax on vehicles
l Support to
spontaneous efforts by the local governments in cold and depopulating areas
such as provision of gasoline and kerosene to hospitals and social welfare
facilities
l Support to highly
fuel-dependent industries such as agriculture and transport and small-sized
corporations (safety net corresponding to uprising fuel cost, continuance of
discounts of highway fees, introduction and expansion of surcharge, etc.)
l Further measures
toward energy conservation and renewable energy
l Support to finance
of SMEs (safety net loans and insurance, flexible implementation of loans in
case of disaster, etc.)
|
|
DPJ
|
Countermeasures
to increasing fuel cost and weakening yen
(subsidy
targeted at SMEs, agriculture, etc.)
|
|
JRP
|
Economic
measures overcoming the distributive public works projects
l Expansion of reduced
tax on economical housing
l Measures on
weakening yen (reducing the gasoline tax, etc.)
l Provision of
education voucher to low income brochures
l Creation of
exemption system of gift tax subject to marriage and child-rearing money
l Welfare: temporary
subsidy to corporations which increased employment
l Promotion of the
smart community projects such as local assumption of natural energy and
co-generation
l Life support to the
needy
|
|
Future
|
---
|
|
Communist
|
Prompt
measures on the rice price
|
2.
Growth
Strategy
|
LDP
|
Further
expansion of the positive economic cycle to every community by swift
implementation of the Japan Revitalization Strategy
l Corporate tax
reform: reducing the corporate tax rate to 20s in several years
l Creation of
environment toward private-led economy: drilling the bedrock regulations in
two years and expansion of the National Strategic Special Zones
l Legal support to
real estate industry, stimulation of investment, promotion of residential
reform and used-housing industry
l Enhancement of
corporate governance
l Construction of no.1
monetary market in Asia
l Necessary measures
to be considered and taken on growth money and safety net money
l Comprehensive
measures to stimulate industrial metabolism and acceleration of ventures
l R&D enhancement,
human resource, matching of industry-university-government, etc.
l Tourism, Cool Japan
strategy, IR
l Disaster-resilience
l Formation of
high-speed railway networks including shinkansen and linear car, container
ports, enhancement of the Haneda and Narita airports, etc.
l Local revitalization
in which local governments play the main role (decentralization reform,
correction of financial gaps, compact city, etc.)
l Local revitalization
through regulatory reform, creation of local employment and industry
l Revitalization of
agriculture emphasizing local originalities and resources
l Comprehensive support
to management of construction, transport and shipbuilding industries which
carry out the local economy
l Agriculture to be
transformed to growth industry, doubling income of farmers and villages
through deceasing production cost and expanding size, utilization of robots
and computers, branding, etc.
|
|
Komeito
|
Firm
implementation of the growth strategy
l Raising the energy
and environment (renewable energy, low CO2 society, etc.)
l Raising the health
care and nursery (innovative technology, ICT, development of robot nursery
devices, etc.)
l Aggressive
agriculture (specific export strategy, branding through 6th
industry, farmland concentration, etc.)
l Industrial
competitiveness of dairy farming, fishery and forestry
l Action plan toward
promotion of robot industry
l Vital, warm
community to be maintained through local revitalization (long-term vision on
local revitalization, local employment, transference of the central
government function, compact city, etc.)
l Support to SMEs as
carrier of energy/environment and heath care/nursery
l Support to
succession of SMEs (matching of companies without successor and business
operators, reducing burden of gift tax and inheritance tax, etc.)
|
|
DPJ
|
Policy
resources to be concentrated at green, life, agriculture and SMEs.
l Disposable income to
be increased through investment to people which changes anxiety to hope such
as child-rearing, employment and retirement life
l Corporate tax to be
reduced after securing alternative tax resources
l Creation of
comprehensive subsidy to local governments, decentralization reform bill to
be proposed to accelerate transference of function and budget of the central
government, simplification of procedures
l Promotion of
innovation of regenerative medicine, bio, ICT. Marine and space development
l Support to business
startup, SME support to be integrated under a newly nominated minister
l Local revitalization
and employment to be realized through renewable energy and SME support. Basic
Act on promotion of decentralized energy to be proposed.
l Enhancement of the
life industry
l Individual
compensation to farmers to be legislated, number and income of farmers to be
increased through promotion of agriculture
l Promotion of
domestic woods, stabilization of fishery management
l Formation of compact
city, promotion of reform business of used-residents,
|
|
JRP
|
Thorough
competition policy to become “earning nation”
l Thorough
implementation of competition policy in all the industries
l Medical care and
social welfare to be transformed to growth strategy (standardization of medic
through utilization of big data, lifting ban of mixed diagnosis, corporate
entry, etc.)
l Agriculture to be
shifted to growth industry, JA reform, farmland act to be revised
(abolishment of rice production adjustment and promotion of rice export,
privatization and division of JA, stimulation of entry by allowing corporate
ownership of farmlands, etc.)
l Necessary
legislative measures to be taken to open the governmentally-founded
infrastructure business
l Opening of the
communication industry (complete privatization of NTT, capital division
between infrastructure and services, revision of the radio act, etc.)
l Tourism and culture
to be new money-making icons (Singapore-type integrated resort to be
realized, selection and concentration of local airports, privatization of
airport management, etc.)
|
|
Future
|
Regulatory
reform and defeating the vested interests by doshu-divided efforts
l Stimulation of entry
into the agriculture, health/nursery care and energy by overcoming the
bedrock regulations
l Shift into
least-necessary regulation/rules to sustain free and fair market while
securing the national life and health
l Construction of a capital/labor
market which distributes production resources freely and fairly, creation of
safety net which enables re-challenges
l Thorough competition
policy “from subsidy to vouchers”
l Expansion of free
trade zones
l Capital regulation
including a targeting-zone system on main currencies
l Agriculture to be
transformed to attractive, internationally-competitive industry
|
|
Communist
|
Stopping
runaway of the Abenomics: shifting to life first will recover the economics
l Tax reform which
demands certain burden on major companies
l Economic reform that
utilizes the internal reserves of major companies to increase the national
income
l Shifting to support
measures in eye of all SMEs as the main pillar of the economy
l Agriculture to be
restored by retreating from the TPP negotiations (drastic enhancement of
price and income compensation by recognizing the agriculture as the primary
industry)
|
(charts drafted by
PPPC)
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