‘No tax hike? No problem.’ Japanese parties make rosy promises

'No tax hike? No problem.' Japanese parties make rosy promises

A woman in an Aichi Prefecture plant lays out products often used in Japanese campaigns, like loudspeakers and a round daruma doll for good luck. TOKYO — Even as major Japanese political parties offer a tax hike freeze or generous education spending ahead of the Oct. 22 lower house election, they are saying little about what those costly policies mean for the nation’s cash-strapped coffers.

Economic policy, as usual, has emerged as a major point of contention. The ruling Liberal Democratic Party and junior coalition partner Komeito pledge to raise the 8% consumption tax to 10% as planned in October […]

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