RPT-FACTBOX-Japan opposition's election campaign platform

Tue Aug 11, 2009 7:15am EDT
 
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TOKYO, Aug 11 (Reuters) - Japan's opposition Democratic Party on Tuesday unveiled changes to its campaign platform ahead of an Aug. 30 election, including a clarification of its economic growth policy and a softening of its stance on free-trade deals.

A Democratic Party victory would end more than half a century of almost unbroken rule of Prime Minister Taro Aso's Liberal Democratic Party and raise the chance of breaking a deadlock in parliament.

Below is an outline of major economic policies in the platform, including the new additions, marked with asterisks.

ECONOMIC GROWTH STRATEGY

-- Pay out 26,000 yen per month to families per child in full from April 2011.

-- Make public high schools free of charge.

-- Introduce income support for farmers in full from April 2011.

-- Abolish a decades-old surcharge of about 25 yen per litre on gasoline and other car-related taxes to achieve 2.5 trillion yen ($26 billion) in tax cuts.

-- Gradually scrap highway tolls.

**Increase household disposable income by these means, expand consumption and thus change the Japanese economy to one in which growth is led by domestic demand; realise stable economic growth.

** Support IT, biotechnology, environment related businesses as growth sectors, along with agriculture.

IMPLEMENT POLICIES AS FUNDS FOUND

-- Cut wasteful spending by such means as halting public works projects and reducing government personnel costs.

-- Gradually implement policies at the cost of 7.1 trillion yen in the first year starting from next April, rising to 16.8 trillion yen in the fourth year.  Continued...

 

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