Japan’s Opposition Parties Play Down Concerns Over Tax-Cut Plans

Japan’s opposition parties played down concerns over plans to cut taxes that have contributed to recent rises in bond yields ahead of Sunday’s upper house election.

Representatives of each party defended their respective policy platforms, broadly saying their election pledges would remain unchanged and arguing that their tax plans are fiscally sustainable, in response to questions from Bloomberg News.

Read more: Traders Debate Threat of Japan Rating Cut as Debt Risks Rise

Prime Minister Shigeru Ishiba’s ruling coalition is at risk of losing its majority in the upper chamber, an outcome that will further complicate the government’s ability to ...