Japan’s key political concern rests on an everlasting financial fable

A workable political majority in Japan hinges on what would possibly finally be an financial fable.

The Democratic Occasion for the Folks (DPP) is pushing for a rise of the tax-free revenue threshold from ¥1.03 million ($6,610) to ¥1.78 million.

It argues that the edge is an issue as a result of it incentivizes residents, particularly ladies and college students, to maintain their annual earnings beneath that quantity, thus denying them alternative and depriving Japan of much-needed labor.