Japan PM Kishida floats possibility of snap election before defence budget tax hike
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The next national election is due by 2025, unless Japanese Prime Minister Fumio Kishida calls for a snap election.
PHOTO: REUTERS
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TOKYO - Japanese Prime Minister Fumio Kishida on Tuesday floated the possibility of calling a snap election before a tax increase aimed at funding the country’s defence budget
The government is set to implement tax increases to cover a shortfall of 1 trillion yen (S$10 billion) in the defence budget, despite stiff opposition from within the ruling coalition.
“We will be asking the general public to take on the (tax) burden for an appropriate period of time, starting from sometime after 2024 up to 2027. We’ll make a decision on when it starts, and I think there could be an election by then,” he said during a late-night television programme aired on Tuesday.
The next national election is due by 2025, unless Mr Kishida calls for a snap election.
Mr Kishida revealed a new national security plan in mid-December and has pledged to double defence outlay to 2 per cent of Japan’s GDP by 2027.
The new defence plan requires an additional 1 trillion yen in funds that Mr Kishida has said will be covered by an increase in taxes - a prospect that has triggered stiff opposition from within the ruling Liberal Democratic Party at a time when Mr Kishida’s own public popularity is sagging.
LDP policy chief Koichi Hagiuda said on Sunday that it was necessary to dissolve parliament before tax hikes come into place to let the electorate make a judgement on the matter. REUTERS
