Japan's influential business lobbies on Sunday welcomed the ruling Liberal Democratic Party's securing of a majority in the day's House of Representatives election.
Yoshinobu Tsutsui, chairman of the Japan Business Federation, called on Prime Minister Sanae Takaichi's administration to "exercise strong leadership based on the deep trust of the people to swiftly and steadily implement important policies."
In a statement, the head of the business group, known as Keidanren, said Takaichi faces a variety of issues, including comprehensive reforms of tax, finance and social security systems.
Separately, Ken Kobayashi, chairman of the Japan Chamber of Commerce and Industry, said the election results reflected voters' expectations for "achieving a strong economy and political stability."
Takaichi, an advocate of fiscal and monetary stimulus who took office in October, has vowed to build a strong economy through "responsible yet aggressive" government spending, including massive investments in strategic areas.
Kobayashi called on the administration to give careful consideration to its pledge to consider a two-year consumption tax suspension on food products, so as to "maintain market confidence in Japan's economy at home and abroad." Cutting the food tax was a key issue during the election campaign.
Akio Yamaguchi, chairman of the Japan Association of Corporate Executives, known as Keizai Doyukai, said debate on the specifics of the tax cut plan, including alternative revenue sources and timelines, remains insufficient.
© KYODO
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MarkX
Of course they are happy, they know that the gravy train will continue and that they will not be taxed appropriately. Also, Takaichi has already stated that she prefers a weak yen which helps many of the exporters, but just kills the consumers who have to pay higher prices!
Also for all of those who are holding their breath for the consumption tax two year holiday, it is not coming. It was just an election promise that will soon be discarded!
Longhaul
The era of "wait and see" is over. With a two-thirds supermajority, the Takaichi Administration has the power to do what is necessary for the security and prosperity of the Japanese people alone.
The business world is hailing our victory because they know the LDP is the only party that puts Japanese Industry and Japanese Workers before globalist fantasies.
Japan is not a "partner" to be managed. Japan is a leader to be respected.
Gambi
Keidanren is infested by globalist aparatchiks who are of little use to the Japanese industry.