ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Tokyo Gov. Yuriko Koike, head of the new Party of Hope, announces the group's platform on Oct. 6.
Politics

Koike's 'Yurinomics' includes vow to tax Japan Inc. cash hoards

Party of Hope platform counters Abe's monetary and fiscal stimulus

KENTARO IWAMOTO, Nikkei staff writer | Japan

TOKYO -- Tokyo Gov. Yuriko Koike on Friday said her new national party would tax retained earnings at major companies if it wins Japan's general election on Oct. 22.

Koike's Kibo no To, or Party of Hope, which is challenging Prime Minister Shinzo Abe's ruling coalition, included the plan in an election platform announced the same day. The platform summarizes the governor's economic policies, dubbed "Yurinomics," by which the party aims to achieve both economic growth and fiscal restoration.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more