Japan’s main opposition party submitted a no-confidence motion against Prime Minister Fumio Kishida’s Cabinet on Thursday in response to the enactment of a revised political funds control law which has been criticized for failing to improve financial transparency in politics. The Constitutional Democratic Party of Japan submitted the motion which is expected to be supported
Japan’s House of Representatives on Thursday cleared a bill proposed by the ruling Liberal Democratic Party to reform rules on political funds, ending weeks of fraught inter-party negotiations for Prime Minister Fumio Kishida. The bill to revise the political funds control law is expected to be enacted during the ongoing parliamentary session through June 23,
Japan’s ruling Liberal Democratic Party submitted its own bill to amend the political funds control law to parliament on Friday, after its junior coalition partner rejected its proposals to strengthen rules related to money in politics. The Komeito party and the opposition camp have expressed doubt about whether the bill would do enough to enhance
Japanese Finance Minister Shunichi Suzuki on Friday stressed the need for foreign exchange rates to move stably by reflecting economic fundamentals, saying that excessive fluctuations should be rectified. Speaking at a press conference during his visit to Georgia, Suzuki declined to comment on whether Japan intervened in the currency market when the yen spiked in
The number of investment scams perpetrated via social media has been rising sharply in Japan since July 2023 amid growing public interest in stock trading on the back of advances in the Japanese market, police data showed Thursday. The number of such scams conducted monthly using Facebook, Instagram and other social media jumped from 204
Japan’s upper house is preparing to hold hearings on a political funds scandal that has rattled the ruling Liberal Democratic Party, the LDP secretary general in the chamber said Sunday. The House of Councillors “will arrange a schedule so it does not hamper deliberations on a fiscal 2024 draft budget,” Masaji Matsuyama said on a
Japanese Prime Minister Fumio Kishida apologized Thursday for a political funds scandal involving his Liberal Democratic Party in front of a parliamentary panel on the issue. Prime Minister Fumio Kishida speaks at a session of the House of Representatives political ethics committee in Tokyo on Feb. 29, 2024. (Pool photo)(Kyodo) During a televised session of
Parliamentary hearings in Japan to probe a political funds scandal, which has rattled the ruling Liberal Democratic Party, are set to be held for two days from Wednesday, lawmakers said, with five key LDP lawmakers agreeing to participate. The ruling and opposition camps will formally decide on Monday the format of the political ethics committee
Three more senior members of the Liberal Democratic Party’s largest faction will attend a special committee to investigate a political funds scandal that has rocked the ruling party, lawmakers said Wednesday. Former trade minister Yasutoshi Nishimura, former Chief Cabinet Secretary Hirokazu Matsuno and former Diet affairs chief Tsuyoshi Takagi, all of whom have served as
House of Representatives member Yaichi Tanigawa, indicted over slush fund allegations involving the ruling Liberal Democratic Party’s largest faction, resigned as a lawmaker on Wednesday. Tanigawa, who belonged to the faction formerly led by late Prime Minister Shinzo Abe, has tendered his resignation after last week facing a summary indictment for violating the political funds