Sat, Oct 07, 2017 - Page 6 News List

Party of Hope vows to reduce spending

‘YURINOMICS’:Tokyo Governor Yuriko Koike’s new party aims to tap into discontent among voters following five years of aggressive monetary and fiscal stimulus policies

Reuters, TOKYO

“Basic income is being called for in some countries facing growing social inequality, so I’m not totally rejecting the idea, but without a secure source of revenue, it’s simply impossible,” he said.

Abe’s ruling coalition has pledged to proceed with the sales tax hike and use the revenues for childcare and education.

The prime minister also hopes to convince voters that his strategy has succeeded in reflating the economy.

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