Fumio Kishida sets out to grow middle class as Japan’s new prime minister

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

South Africa Headlines News

Kishida has vowed to defeat deflation and says he will press businesses to share the fruits of growth with employees and subcontractors

Japanese Prime Minister Fumio Kishida. Picture: GETTY IMAGES/TORU HANAI

In his first policy address to parliament since taking office this week, Kishida reiterated a pledge of bold spending to help recover from the pandemic and said he’d build what he calls a “new capitalism,” under which the benefits of economic growth are spread more widely. While none of the opposition parties boasts support of more than single figures, they plan to co-operate in many constituencies in a bid to reduce the ruling coalition’s majority. A major loss of seats could propel Kishida toward the “revolving door” that claimed six Japanese leaders between 2007-2012.

Kishida vowed to achieve the longstanding goal of defeating deflation and said he’d press businesses to share the fruits of growth with employees and subcontractors. His plans have worried investors, who sent the Nikkei 225 Average on an eight day losing streak that ended Thursday — the longest such run since 2009.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

At least he has an idea of what he wants to do and what he eeds to be judged on. After a year or 2 in office if he doesn't deliver he will fall on his sword. You can count on Japanese to have hoour.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Social media is a ‘coward’s palace’, says Australian prime ministerScott Morrison’s comments come amid a raging debate about defamation laws
Source: BDliveSA - 🏆 12. / 63 Read more »

SABC plans to renew Muvhango | ChannelThe South African public broadcaster plans to renew its Venda weekday prime time soap Muvhango although no new contract has yet been signed.
Source: Channel24 - 🏆 48. / 51 Read more »

Fed-up artists call for boycott of electionsProtesting celebrities have called on fellow artists to boycott the upcoming municipal elections or risk being labelled as sell-outs. When will people learn that, if you are unhappy about how things are done or going, you don't boycott an election - you vote for someone else and for change! 'Artists' find or do a proper job you twats. Nobody cares for you 'artists' You are not needed! We don't care if you boycott the elections. It will have no impact whatsoever!
Source: IOL - 🏆 46. / 51 Read more »

Violence mars second day of Numsa strike as workers seek ‘sell-outs’A truck driver beaten up and stabbed, a security guard brutally assaulted and a National Union of Metalworkers of SA (Numsa) member shot were scenes that played out in Boksburg, as mayhem marred the second day of the salary increase strike. Thanks for guiding me towards the right path. You are a nice trader that is worthy of emulation. You deserve a big thank you from me, you're the best LindaStouffes violent strike Their rights to strike mustn't stop any individual rights to go to work. People need to know that second day of the strike is not as smooth as 1st day. As strike goes on more violent they became. Stay safe South Africans. 8percent🙏
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Britney Spears' sons are all grown up in rare photos | ChannelBritney Spears' teenage sons are all grown up as they pose in rare photos on Instagram. Woowww
Source: Channel24 - 🏆 48. / 51 Read more »

'Special' offers, receipts & recycling: Wendy Knowler’s 'watch-outs of the week'In this weekly segment of bite-sized chunks of useful information, consumer journalist Wendy Knowler summarises news you can use. Doesn't make sense 😮😮😮 ..am lost Ayi!!🙅🙅🙅
Source: TimesLIVE - 🏆 28. / 59 Read more »