Premierminister Ishiba will die Einkommensgrenze auf 1,03 Millionen Yen erhöhen und Japans Außen- und Innenpolitik stärken

In his policy speech at the opening of the extraordinary Diet session starting on the 28th, Prime Minister Ishiba is set to announce plans to raise the “1.03 million yen income threshold.”

According to multiple government sources, Prime Minister Ishiba is expected to clarify his intention to discuss and raise the “1.03 million yen income threshold” in the 2025 tax reforms during his policy speech in the joint session of the House of Representatives and House of Councillors on the 29th.

Additionally, Prime Minister Ishiba is likely to emphasise his commitment to continuing the momentum of this year’s significant wage increases, which are the highest in 33 years, as part of efforts to achieve substantial wage hikes in next year’s spring labour negotiations.

Furthermore, Prime Minister Ishiba is expected to highlight key initiatives, including the establishment of a Disaster Management Agency, improvements to evacuation centres, and the enhancement of the Self-Defence Forces’ working conditions. There will also be a focus on domestic supply chain reshoring as part of economic security measures.

In terms of foreign policy, alongside strengthening the Japan-US alliance, Prime Minister Ishiba is anticipated to mention his meeting with Chinese President Xi Jinping, and express his intention to build a “constructive and stable” Japan-China relationship.

As Prime Minister leading a coalition government with a small majority, Ishiba is expected to signal his determination to listen carefully to the opposition and seek broad consensus on important issues.

The real question is raise it to what? 1.3m? 1.7m? 2.0m?