Japan PM Kishida launches flagship panel to look into wealth redistribution
The Hindu
The decision also came in the wake of Mr. Kishida's decision on October 14 to dissolve parliament and set the stage for an election where fixing the pandemic-hit economy will be the focus
Japan's new launched a flagship council on October 15 to work out a strategy to tackle wealth disparities and redistribute wealth to households, in what he describes as a "new form of capitalism."
The move is a crucial part of Mr. Kishida's economic policy that combines the pro-growth policies of former Premier Shinzo Abe's "Abenomics" stimulus measures and efforts to more directly shift wealth from companies to households.
It also came in the wake of Mr. Kishida's decision on October 14 to and set the stage for an election where fixing the pandemic-hit economy will be the focus.