Katsunobu Kato Enters Ruling Party Leadership Race
Katsunobu Kato Enters Ruling Party Leadership Race
Katsunobu Kato Enters Ruling Party Leadership Race
News summary

Katsunobu Kato, Japan's former health minister, has announced his candidacy in the ruling Liberal Democratic Party's leadership race, which will determine the next prime minister on September 27. He advocates for a stimulus package aimed at boosting domestic investment and revitalizing regional economies, emphasizing the need to double household incomes through wage hikes. Kato believes Japan is on the brink of emerging from deflation and stresses the importance of sustaining this momentum by redirecting corporate reserves towards capital expenditure. Although he is not currently the public's top choice for prime minister, his extensive cabinet experience positions him as a viable candidate for significant governmental roles. His campaign aligns with current economic policies and aims to foster strong consumption to enhance corporate profitability, ultimately leading to further wage increases.

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