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Tokyo Gov. Yuriko Koike, head of the new Party of Hope, announces the group's platform on Oct. 6.

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.

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