Japanese LDP leader candidate Kato calls for stimulus plan

Former health minister has entered race to lead nation's ruling political party

20240910 Kato Katsunobu photo_SXM2024091000001660.jpg

Katsunobu Kato announces his candidacy for the Liberal Democratic Party presidential election at a news conference on Sept. 10. (Photo by Satoko Kawasaki)

TOKYO (Reuters) -- Katsunobu Kato, Japan's former health minister and a candidate running in the ruling party leadership race, on Tuesday called for compiling a stimulus package to fund spending to boost domestic investment and revitalize regional economies.

"Japan is on the cusp of emerging from deflation. We shouldn't stop this drive and instead accelerate it" with a focus on doubling household income and boosting capital expenditure, Kato said in a news conference announcing his intention to run in the Liberal Democratic Party's leadership race on Sept. 27.

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