Japan's Two Opposition Parties Unite to Form New Party, Challenging Prime Minister Sanae Takaichi in Potential Snap Election

Deep News01-16

Japan's largest opposition party and a former ruling coalition partner have announced a merger to form a new political party, aiming to thwart Prime Minister Sanae Takaichi's efforts to consolidate power through a snap election.

According to the co-leaders Yoshihiko Noda and Tetsuo Saito, the new "Centrist Reform Alliance" was officially registered on Friday morning. Previously, Yoshihiko Noda was the head of the Constitutional Democratic Party of Japan, while Tetsuo Saito led Komeito.

The highly popular Prime Minister Sanae Takaichi is expected to call a snap election in the coming weeks, with media reports suggesting the voting day could be February 8.

The new party's leaders stated at a press conference that the party will focus on improving the lives of ordinary citizens. Noda indicated they would seek to reduce the consumption tax while maintaining fiscal discipline and avoiding the issuance of additional deficit bonds. He also addressed the issues of a weak yen and monetary policy.

"The weak yen is undoubtedly causing pain for the people," Yoshihiko Noda said, "and is exacerbating inflation." He pointed out that the government should at least avoid giving the impression that interest rates should not be normalized. The party's fundamental policy platform is scheduled to be released next Monday.

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