Skip to main content

LDP will have to respond to crushing defeat in Tokyo

While the ruling LDP’s severe defeat in local elections in Tokyo is not necessarily a bellwether to developments at the national level, we think that the government may respond with a larger supplementary budget for this year. What’s more, it now seems more likely than not that the government will postpone the sales tax hike currently scheduled for October 2019 yet again.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.