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The leader of the small Constitutional Democratic Party of Japan, which out-performed expectations in an October vote, now hopes that by offering clear policy alternatives he can oust Prime Minister Shinto Abe’s coalition in the next election.

One key to achieving that ambitious goal, said party founder Yukio Edano, is an economic platform that puts more weight on redistributing wealth, including by raising corporate taxes to push firms to use their cash reserves to raise wages.

“Unless we have reasonable redistribution to achieve growth, domestic demand will not expand,” Edano, 53, told Reuters in an interview.

“That is a clear difference from the LDP,” he said, referring to the ruling Liberal Democratic Party.

The CDPJ was formed less than three weeks before the Oct 22 election, after the then-main opposition Democratic Party’s leader decided not to field candidates and encouraged them to run on Tokyo Governor Yuriko Koike’s novice conservative party’s slate. Read more

The leader of the small Constitutional Democratic Party of Japan, which out-performed expectations in an October vote, now hopes that by offering clear policy alternatives he can oust Prime Minister Shinto Abe’s coalition in the next election.

One key to achieving that ambitious goal, said party founder Yukio Edano, is an economic platform that puts more weight on redistributing wealth, including by raising corporate taxes to push firms to use their cash reserves to raise wages.

“Unless we have reasonable redistribution to achieve growth, domestic demand will not expand,” Edano, 53, told Reuters in an interview.

“That is a clear difference from the LDP,” he said, referring to the ruling Liberal Democratic Party.

The CDPJ was formed less than three weeks before the Oct 22 election, after the then-main opposition Democratic Party’s leader decided not to field candidates and encouraged them to run on Tokyo Governor Yuriko Koike’s novice conservative party’s slate.