(Reuters) - TOKYO, July 30 - The crushing defeat that Japanese
Prime Minister Shinzo Abe's ruling camp suffered in Sunday's
election could stall debate on fiscal and tax reforms needed to
address the country's huge public debt, economists said.
The Democratic Party of Japan, the main opposition party
that won the most seats in the upper house of parliament,
opposes raising the 5 percent consumption tax. The party is also
seen as more open to new spending, such as programmes to provide
child care and help struggling farmers.
Read more at Reuters.com Bonds News
Prime Minister Shinzo Abe's ruling camp suffered in Sunday's
election could stall debate on fiscal and tax reforms needed to
address the country's huge public debt, economists said.
The Democratic Party of Japan, the main opposition party
that won the most seats in the upper house of parliament,
opposes raising the 5 percent consumption tax. The party is also
seen as more open to new spending, such as programmes to provide
child care and help struggling farmers.
Read more at Reuters.com Bonds News
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