Japan PM Takaichi to call Feb 8 snap election on spending, tax cuts and defence
Summary
Japan's Prime Minister Sanae Takaichi has announced a snap election on February 8 to seek voter support for increased spending, tax cuts on food, and a new defense strategy amid rising security concerns.
Key Points
- Prime Minister Sanae Takaichi will call a national election on February 8 seeking support for increased spending, tax cuts, and a new security strategy.
- Takaichi pledged a two-year halt to the 8% consumption tax on food to boost jobs and household spending.
- The election aims to strengthen Takaichi's control over the ruling Liberal Democratic Party and its coalition majority.
- Japan plans to double defense spending to 2% of GDP amid increasing tensions with China and US allies' pressure.
