Prime Minister Shinzo Abe’s predecessor is questioning the incumbent’s economic policy, which is also dubbed as ‘Abenomics.’ Former premier Yoshihiko Noda said he feels that such, with regard to the proposed economic stimulus program, can be considered a “pork-barrel” fund, spent prior to the new tax policy.
During a speech in Washington on Tuesday, Noda declared that he “cannot help feeling that it is pork-barrel spending.” The opposition chief adviser was referring to the 6 trillion yen stimulus package that Prime Minister Shinzo Abe announced, preceding the sales tax hike in April. The former Democratic Party leader is also cynical of the LDP leader’s other policies. Noda “strongly feels it is questionable” how the current administration considers putting an end to corporate tax surcharge, which was supposed to be exploited for reconstruction following the 2011 Great East Japan Earthquake and Tsunami.
To read the full article, click here.