Separator

Nippon Ishin Draws Outline for Secondary Capital Plan

Separator

img

An overview of proposed laws to create a secondary capital that may replace Tokyo was created by an opposition project team led by Nippon Ishin no Kai.  

Following a team meeting at the party headquarters in Osaka, Nippon Ishin leader Hirofumi Yoshimura told reporters that the project "will be a key issue to discuss with the new president of the Liberal Democratic Party" who will be elected this week.

The governor of Osaka Prefecture, Yoshimura, has stated that his party's potential involvement in the ruling coalition of Komeito and the LDP would depend on the secondary capital project's approval.  

Also Read: How Reif Othman Makes Dining an Art

Yoshimura stated that the party will give priority to talks with other parties, including the LDP, and that the legislation will not be presented to the anticipated extraordinary session of parliament.

The team's definition of the secondary capital in the blueprint was an economic hub similar to the Tokyo region that could serve as the capital if Tokyo is unable to.  

Also Read: Why Apple is in an Unstable Position in China

The proposal outlined requirements for a secondary capital, including the establishment of special wards in accordance with the statute for special districts in big metropolitan regions and the likelihood that no major calamity would strike Tokyo and the area at the same time.  

According to the concept, a secondary capital—which would be chosen by the prime minister based on a request from a prefecture other than Tokyo—would have more tax resources and be permitted to implement strong deregulatory policies to stimulate economic activity.

 

Previously, Yoshimura stated that Japan has to diversify its trading relationships outside of the U.S. market to reduce risks and concentrate on alliances with nations that support free trade.  

Although President Donald Trump's tariffs demonstrate how the United States poses a national risk to Japan, or a source of uncertainty that could harm its economy, Yoshimura stated that Tokyo should aim for a "win-win" scenario in trade talks.

Also Read: 5 Interesting APAC CTO Appointments in August 2025

The remarks were made as Japan faced the possibility of heavy, long-term U.S. tariffs following stalled trade negotiations that prompted Trump to accuse Japan of "unfair" auto trading.

Current Issue




🍪 Do you like Cookies?

We use cookies to ensure you get the best experience on our website. Read more...