Predictable Inability to Understand the Economy from the DPJ

October 2, 2007
By Ken Worsley

The temporary tax breaks on capital gains and dividends should not be extended, given that they were intended as temporary measures to help halt steep declines in stock prices, the head of the opposition Democratic Party of Japan’s tax panel said Monday.

I guess this was the protest vote…which could turn out to be one against economic reform. Hopefully the DPJ can reign in this nonsense and focus on bolstering the economy. Otherwise, they’ll be partner in blame along with the LDP (who still bears the brunt) for the economic woes we’re seeing.

Filed Under Politics