LDP’s Kobayashi Says to Press for Limited-Time Income Tax Cut

Takayuki Kobayashi, a Japanese lawmaker running to become the next leader of the ruling Liberal Democratic Party, says if elected he will press for an income tax cut for a limited time.

• Will also overhaul income tax rules
• The aim is to help middle-class, working-age people
• Kobayashi, former economic security minister, is running for the LDP top job again this year after his bid failed last year
• It’s possible to discuss lowering the sales tax as an option to boost domestic demand in the future
• Japan’s economy is at a crossroads where it’s switching from deflation to growth-oriented model ...